4 Bathroom
0.13 ac
Partially Air Conditioned
Baseboard Heaters
$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 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! (id:50976)
Property Details
|
MLS® Number
|
X9253199 |
|
Property Type
|
Retail |
|
Parking Space Total
|
3 |
Building
|
Bathroom Total
|
4 |
|
Appliances
|
Microwave, Refrigerator, Stove |
|
Cooling Type
|
Partially Air Conditioned |
|
Heating Type
|
Baseboard Heaters |
|
Size Interior
|
0.13 Ac |
|
Type
|
Residential Commercial Mix |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
165 Ft |
|
Size Frontage
|
33 Ft |
|
Size Irregular
|
33 X 165 Ft |
|
Size Total Text
|
33 X 165 Ft |
|
Zoning Description
|
C2 |
https://www.realtor.ca/real-estate/27288040/93-hastings-street-n-bancroft
