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$800,000
Status: For Sale
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!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9253199 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :06 Nov, 2024 (7 Days ago) |
| Source | :TRREB |
| Area | :Hastings |
|---|---|
| Postal Code | : K0L 1C0 |
| Price | : $800,000 |
|---|---|
| Property Taxes | :$6851.07 |
| Tax Year | :2023 |
|---|
| Cross Street | :Hastings St. N and Station St. |
|---|
13 Aug, 2024
TREB #X9253199
Available
$800000.0
