$800,000
Available - For Sale
Listing ID: X9253199
93 Hastings St South , Bancroft, K0L 1C0, Ontario
| 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 new metal roof, 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: | $6851.07 |
| 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: | 33.00 x 165.00 (Feet) |
| Directions/Cross Streets: | Hastings St. N and Station St. |
| Category: | Store With Apt/Office |
| Building Percentage: | Y |
| Total Area: | 0.13 |
| Total Area Code: | Acres |
| Office/Appartment Area: | 50 |
| Office/Appartment Area Code: | % |
| Retail Area: | 50 |
| Retail Area Code: | % |
| Sprinklers: | N |
| Washrooms: | 4 |
| Outside Storage: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Part |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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At a Glance:
| Type: | Com - Store W/Apt/Office |
| Area: | Hastings |
| Municipality: | Bancroft |
| Lot Size: | 33.00 x 165.00(Feet) |
| Tax: | $6,851.07 |
| Baths: | 4 |
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