$675,500
88 CRAIG STREET
Beds
3
Baths
2
Sqft
—
Year
—
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Russell. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Calling all Investors! Welcome to 88 Craig Street, a legally conforming duplex with additional commercial potential in the heart of Russell Village. This unique property offers an ideal blend of residential income and business opportunity, located on the main road leading into the village - providing excellent exposure for a home-based business or professional office. The main floor features a bright 2-bedroom residential unit, all on one level, with its own laundry and spacious living areas. The lower level offers a comfortable 1-bedroom suite with a separate entrance, perfect for tenants or extended family. Completing the property is a dedicated commercial/office space on the main floor - a rare and valuable feature in this location. The 2-bedroom unit is currently rented, offering immediate income potential. Ample parking and a deep lot add to the versatility of this property. Whether you're looking to expand your investment portfolio, operate your own business, or enjoy live-work flexibility, 88 Craig Street delivers endless possibilities. Both units have Laundry. Main Floor 2 bedroom Unit is approximately 1100 sq ft, Main Floor office is approximately 270 sq ft, Lower Unit is approximately 1000 sq ft. Renovation completed in 2012 permits available. Home Based Business possibilities. Storage available in the basement. (id:65958)
- Subtype
- Multi-family
- Architectural style
- Bungalow
- Structure
- Duplex
- Community
- 601 - Village of Russell
- Lot dimensions
- 87.2 x 116.1 FT
- Bedrooms
- 2 above grade, 1 below grade
- Parking
- 4 total
- Stories
- 1
- Fireplace
- 1
- On market
- Mar 20, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $4,555.87
- Zoning
- RV1
- Photos
- 16
- MLS#
- X12901942
- Area
- RUSSELL
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Community
Utilities
Security
Cash on cash
-6.80%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,181
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.