2 Warner Street 301, Russell

$449,900
2 Warner Street 301

$449,900

New
18d
Condo Apartment3-Storey

2 Warner Street 301, Russell

Total Monthly Obligation $2,788

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
18d
Score
16
Yield
3.9%
Cash on Cash
-14.1%
Cap Rate
1.6%
5Y IRR
4.6%
10Y IRR
6.2%
Property Type-Condo Apartment
MLS® Number-X13861464
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 5, 2026
Style-3-Storey
Building Type-Condo Apartment
Taxes-$2,942.28 (2026)
Maintenance-$527.67/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Stone, Stucco (Plaster)
Possession-TBD
Neighbourhood-601 - Village of Russell
Title-Residential Condo & Other

No agent assigned

LOCATION LOCATION!!! This stunning 2 bed, 1.5 bathroom condo located in the heart of Russell is in a lovely, well kept building. Truly a beautiful unit in a great location, it also has an in-unit laundry room and an oversized large storage locker. It was all repainted and granite counter tops installed in the kitchen 1.5 years ago. Open concept with living & dining area, a large primary bedroom (with a big walk in closet), a second bedroom that can be also used as an office if so desired. All lovely appliances are included. An amazing L-shaped balcony overlooks a very quiet street and has a hookup for a natural gas barbeque. There is an appointed underground parking spot which is heated and has 2 manual washing stations and visitor parking is just in front of the condo. The monthly condo fees include insurance, general maintenance, alarm system, grounds landscaping, snow removal and the reserve fund allocation. This condo is steps away from the Castor river and walking distance to all the amenities Russell has to offer including schools, shopping and dining +++. A definite must see!!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$359,920
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,953

Total Monthly Obligation

$2,788/mo
Mortgage $1,815
Monthly Loss $2,310
Principal$478
Interest$1,337
Property Tax$245
Condo Fees$528
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.9%7
Cash-on-Cash
-18.4%0
5-Year IRR
1.6%4
10-Year IRR
4.4%
Returns Index
3.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$17,424/yr
NOI
$4,007/yr
Net Cash Flow
-$1,481/mo
Cash Margin
-102.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.181
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
26.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2 Warner Street 301

Time

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