-93 Hastings St N (Hastings St. N and Station St.)

Price : $800,000.00 , Status : Sale , MLS®# : X9253199

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!

Highlights

Property Details
  • Community:
  • City: Bancroft
  • Property Type: Commercial
  • Style: Store W/Apt/Office()
  • Bath: 4
  • Garages: Outside/Surface ( Space)
Features
  • Heating: Baseboard ,
  • Sewer/Water Systems: Sanitary , Municipal