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:4069)
| Address |
93 HASTINGS STREET S |
| List Price |
$800,000 |
| Property Type |
Retail |
| Type of Dwelling |
Residential Commercial Mix |
| Area |
Ontario |
| Sub-Area |
Bancroft |
| Bathrooms |
4 |
| Lot Size |
33 x 165 FT Sq. Ft. |
| MLS® Number |
X9253199 |
| Listing Brokerage |
OUR NEIGHBOURHOOD REALTY INC.
|
| Postal Code |
K0L1C0 |
| Zoning |
C2 |
