For Sale

93 Hastings Street, Bancroft, Ontario K0L1C0

$800,000

93 Hastings Street, Bancroft, Ontario K0L1C0 is For Sale and has a listing price of 800,000. The property is located in the Bancroft neighbourhood. It's been on the website for 78 Days.

  • Retail
    Property Type
  • Residential Commercial Mix
    Building Type
  • 4
    Bathrooms
  • 3
    Parking Spaces
  • MLS ID: X9253199
  • Office Name OUR NEIGHBOURHOOD REALTY INC.
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! (id:43137)

Property Details
  • MLS ID: X9253199
  • Bathrooms: 4
  • Price: $800,000
  • Transaction Types: For Sale
  • Ref ID: 27288040
  • Year Built: N/A
  • Building Type: Residential Commercial Mix
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
08/13/2024 X9253199 $800,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Bancroft
  • $465,588 Average List Price
    based on 1 year
  • 12 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 141.4 % Up
  • Sold (12mo) 47
  • Rented (12mo) 2

  • 1 Month Change -3.0%
  • 3 Month Change +28.3%
  • 6 Month Change -13.8%
Walkscore
  • 9 Walk Score
    Car-Dependent
  • 21 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    72.47%
  • Commercial
    19.09%
  • Condo
    0.34%
  • Land for Sale
    8.11%
Additional Details
  • Sewers Sanitary Sewer
  • Heating System Baseboard Heaters
  • Water Municipal Water
  • Cooling System Partially Air Conditioned
  • Total Parking Spaces: 3
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 13/08/2024 00:00:00
  • Zoning A/ru Agriculture/rural
  • Agent Name: TARA HUSSEIN
  • Last Updated: 07/11/2024 07:42:00
Open House Dates
Want to see this property?