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$ 800,000
Est. payment | /mo
4 Baths
$ 800,000
Est. payment | /mo
4 Baths
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9253199
Annual Tax Amount $6,851
Tax Year 2023
Property Description
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!
Location
Province ON
County Hastings
Area Hastings
Interior
Cooling Partial
Exterior
Garage Spaces 3.0
Utilities Available Yes
Others
Security Features No
Listed by OUR NEIGHBOURHOOD REALTY INC.