93 Hastings Street S , Bancroft, ON K0L1C0
Bancroft, ON K0L1C0
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 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:13843)
Details
| Mls | X9253199 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 111 |
| Listing Provided By | OUR NEIGHBOURHOOD REALTY INC. | TARA HUSSEIN |
Features
| Baths | 4 Total |
|---|---|
| Zoning | C2 |
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Learn More About This Property
| State | ON |
|---|---|
| City | Bancroft |
| Zip Code | K0L1C0 |
| Listing VS Median (in K0L1C0) | |
Price: $800,000 low | high Med: $325,000 On Site: 111 low | high Med: 216 | |