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:27910)
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 |
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September 04 2024 04:46:03
Toronto Real Estate Board
Our Neighbourhood Realty Inc.