203 RUSSELL Street
Centre Hastings, ON
3,600 sqft • Commercial Retail • 139 days on market
Prime Commercial Opportunity with Redevelopment Potential - 203 Russell Street N, Madoc. Positioned on a high-exposure corner in the heart of Madoc, this nearly 1-acre commercial property offers exceptional visibility and versatility for investors, owner-operators, and developers alike. The site features approximately 0.96 acres with strong frontage and access along Russell Street (Hwy 62), benefiting from consistent traffic flow and excellent exposure-ideal for a wide range of commercial uses. Currently improved with a commercial building previously used for food service, the property provides a functional footprint for those looking to renovate, reposition, or repurpose the existing structure. Zoned C1 (Commercial), the property allows for a broad spectrum of permitted uses, making it equally attractive as a turnkey location or a strategic long-term investment. Where this property truly stands out is its redevelopment potential. With its generous lot size, corner positioning, and strong exposure, the site presents a compelling opportunity for future intensification-whether through a new commercial concept, mixed-use development, or a modern reimagining of the existing improvements. Located within a growing regional community and surrounded by established residential neighborhoods, this is a rare chance to secure a high-profile site with both immediate utility and long-term upside.
Listing Details
- Taxes (2026)
- $10,402
- Originally Listed
- $700,000
- Listed
- April 10, 2026
Price History
Location & Legal
- Cross Street
- Hwy 7 & Russell
- Zoning
- C1
- Parcel Number
- 401880063
- Possession
- Immediate
Commercial
- Business Type
- Other
- Occupancy
- Vacant
Community
Postal area K0K
- Population
- 115,850
- Private dwellings
- 53,153
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Centre Hastings · last 12 months
- Median sold price
- $487,500
- Homes sold
- 86
- Median days on market
- 36
- Sale-to-list price
- 95.5%
Based on 86 recorded sales of commercial properties in Centre Hastings over the last 12 months.
Listed by
EKORT REALTY LTD.
Location
Commercial figures
- Building area
- 3,600 sq ft
- Price per sq ft
- $180.53
- Annual property tax
- $10,402
- Tax per sq ft
- $2.89
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?