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$800,000
Available - For Sale
Listing ID: X9253199
Outstanding investment property with an impressive CAP rate exceeding 6% & significant value-add! Located on busiest Main Street in downtown Bancroft, this property offers a rare chance to acquire a potential 5-plex at the price of a triplex with all municipal services in place! The building features a well-established wellness clinic on the lower level & three fully leased residential apartments on the upper level. An additional 600-800 sqft of unutilized space offers a great opportunity to create another retail or potential residential unit. Zoning permits various uses! Recent renovations include a complete overhaul of the commercial unit & complete renovation of the front residential unit, including kitchen & bath.High foot traffic & located across from major retailers like Shoppers Drug Mart & IDA. Historically significant, this building was formerly the home of the Bancroft Times! Seize this investment with substantial appreciation potential & diverse revenue opportunities!
Price $800,000
Taxes: $6,851.07
Tax Type: Annual
Occupancy by: Tenant
Address: 93 Hastings St South , Bancroft, K0L 1C0, Ontario
Postal Code: K0L 1C0
Province/State: Ontario
Legal Description: PT LT 125-126 PL 411 AS IN QR579232 S/T
Lot Size: 33 x 165 (Feet)
Directions/Cross Streets: Hastings St. N and Station St.
Zoning: C2
Category: Store With Apt/Office
Building Percentage: Y
Total Area: .13
Total Area Code:  Acres
Office/Appartment Area: 50
Office/Appartment Area Code: %
Retail Area: 50
Retail Area Code: %
Sprinklers: N
Outside Storage: N
Heat Type: Baseboard
Central Air Conditioning: Part
Elevator Lift: None
Sewers: Sanitary
Water: Municipal
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OUR NEIGHBOURHOOD REALTY INC.

93 Hastings St South , Bancroft, K0L 1C0, Ontario


 
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Type: Com - Store W/Apt/Office
Area: Hastings
Municipality: Bancroft
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Lot Size: 33.00 x 165.00(Feet)
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Tax: $6,851.07
Maintenance Fee: $0
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Baths: 4
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