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93 HASTINGS STREET S, Bancroft, Ontario

$800,000

4 Baths

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:23309)

Listing ID: X9253199
Property Type: Retail

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Details

Parking Spaces: 3
Transaction: For sale
Zoning Description: C2

Building

Appliances: Microwave, Refrigerator, Stove
Cooling: Partially air conditioned
Fireplace Present: False
Bathrooms (Total): 4
Heating: Baseboard heaters
Size Interior: 0.13 ac
Type: Residential Commercial Mix
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 33 ft
Size Irregular: 33 x 165 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 93 HASTINGS STREET S in Bancroft Ontario. It was last modified on August 13th, 2024. Contact Scott Brubacher to schedule a viewing or to discover other Bancroft real estate for sale.

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