Bancroft, ON K0L 1C0,93 Hastings ST S
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$ 800,000
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93 Hastings ST S Bancroft, ON K0L 1C0

4 Baths


UPDATED:

11/06/2024 11:57 PM

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

State ON

County Hastings

Interior

Cooling Partial

Exterior

Garage Spaces 3.0

Utilities Available Yes

Others

Security Features No


Listed by OUR NEIGHBOURHOOD REALTY INC.

Erika Alvarenga

Agent

+1(437) 372-5051

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93 Hastings ST S