77 Mill Street, Russell

$879,990
77 Mill Street

$879,990

New
7d
Detached2-Storey

77 Mill Street, Russell

Total Monthly Obligation $4,293

Beds
5
Baths
2
Park
4
Sqft
1500-2000
DOM
7d
Score
17
Yield
4.1%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X14089006
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-88.77 × 199.32 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,416.61 (2025)
Parking-6 - Attached
Basement-Finished, Walk-Out, Full
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-601 - Village of Russell
Title-Residential Freehold

No agent assigned

Welcome to 77 Mill Street, a charming 2 storey detached home on a 96' x 200' treed lot backing onto the Castor River with four-season river access, right in the heart of Russell. One of the few remaining original homes in the village, this property offers a unique combination of character, space, privacy and convenience. Offering approximately 2,200 sq. ft. of finished living space across three levels, the home features 4+1 bedrooms and 2 full bathrooms. The main level includes a welcoming living room (currently being used as home office), a spacious family/dining room, updated kitchen with breakfast-bar island (2018), and convenient mudroom with separate entrance. Upstairs are four bedrooms and a renovated full bathroom (2024). The finished lower level offers a recreation room, fifth bedroom, full bathroom, laundry and walkout to the backyard. Additional third-floor space provides excellent storage and potential for a future loft, studio or bedroom (buyer to verify), with closed-cell insulation added to the loft in 2013. Outside, enjoy a private green retreat with mature trees, perennial gardens, raised garden beds, a 12' x 26' elevated rear deck (2016), plus a patio and covered firepit added in 2025, all with the Castor River as your backdrop. The heated and insulated double garage (2006), two driveways, garden shed and ample parking add everyday practicality. Other notable updates include new windows (2023/2024), along with updates to the furnace, A/C, hot water tank and electrical. The location is equally impressive, within walking distance of three elementary schools, two high schools, a Montessori school, pharmacy, bank, grocery store and medical clinic, with biking trails and Russell's recreational trail network close by. A rare combination of a peaceful riverfront setting, abundant green space and exceptional walkability in the heart of Russell. Not to be missed!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$703,992
Land Transfer Taxes$14,075
Legal Fees (Est.)
$
Total cash required for closing$191,573

Total Monthly Obligation

$4,293/mo
Mortgage $3,550
Monthly Loss $3,359
Principal$934
Interest$2,616
Property Tax$368
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.7%22
10-Year IRR
8.8%
Returns Index
12.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$36,120/yr
NOI
$23,591/yr
Net Cash Flow
-$1,584/mo
Cash Margin
-52.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo35
Risk Index
19.8/ 100

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

Comparables

Properties near 77 Mill Street

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