$2,300,000
For sale: Other

Approx. 7000 square feet of retail commercial/residential space located on the main street (Notre-Dame) with 18 parking spots. The plaza is fully leased with 5 retail tenants and 2 residential tenants. Located in the heart of Embrun, Municipality of Russell with approximately .4 acres, zoned general commercial which allows for many uses. A short drive to Ottawa, Embrun/Russell is experiencing a rapid population expansion, infrastructure investment, and with 300-400 building permits issued annually.
Sold data
Homes in Russell took a median of 38 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 77, across 78 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 76 days.
The median sale price was $609,950.
Homes sold for about 1.6% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 36% of sellers reduced their price before finding a buyer.
Based on 78 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Russell has 5 Fraser Institute–rated schools (3 elementary and 2 secondary), averaging 5.9/10.
School ratings from the Fraser Institute's Ontario school report cards.
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