93 Hastings Street S Bancroft, Ontario K0L 1C0
$800,000
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! (id:47351)
Property Details
| MLS® Number | X9253199 |
| Property Type | Retail |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 4 |
| Appliances | Microwave, Refrigerator, Stove |
| CoolingType | Partially Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 0.13 Ac |
| Type | Residential Commercial Mix |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 165 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 165 Ft |
| SizeTotalText | 33 X 165 Ft |
| ZoningDescription | C2 |
https://www.realtor.ca/real-estate/27288040/93-hastings-street-s-bancroft
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 14 2024 12:02:05
Toronto Real Estate Board
Our Neighbourhood Realty Inc.