$ 800,000
93 Hastings ST S Bancroft, ON K0L 1C0
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 800,000
Est. payment /mo
Active
93 Hastings ST S Bancroft, ON K0L 1C0
4 Baths
UPDATED:
09/24/2024 03:39 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 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
Parking Type Outside/Surface
Others
Security Features No
Listed by OUR NEIGHBOURHOOD REALTY INC.