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$ 899,900
Est. payment | /mo
6 Baths
$ 899,900
Est. payment | /mo
6 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Bancroft Ward
MLS Listing ID X13538780
Annual Tax Amount $5,557
Tax Year 2025
Property Sub-Type Investment
Property Description
Attention Investors! Exceptional opportunity to own a fully tenanted 5-plex in the heart of downtown Bancroft, offering an attractive 8.2% cap rate and strong, reliable returns. This well-maintained income property features five beautifully renovated and well-appointed apartments, all leased to AAA tenants, providing immediate, dependable cash flow with minimal management concerns. Designed for comfortable modern living, each spacious unit has been thoughtfully updated with quality finishes and features that appeal to today's tenants. The property also includes the added convenience of on-site coin laundry, creating an additional source of income. The building is equipped with individual hydro meters for each unit, helping to reduce operating expenses. Ideally situated within walking distance of Bancroft's restaurants, boutique shops, entertainment, and everyday amenities, the property also offers convenient access to public transit, making it highly desirable for renters. With rental housing in short supply and tenant demand remaining strong, this is an outstanding investment opportunity offering stable income, excellent occupancy, and long-term appreciation potential. Whether you're looking to expand your real estate portfolio or acquire a turnkey income-producing asset, this exceptional 5-plex delivers an excellent combination of cash flow, location, and investment value. Don't miss this rare opportunity.
Location
Province ON
County Hastings
Area Hastings
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 131.0
Lot Depth 173.0
Others
Security Features No
ParcelsYN No
Listed by HOMELIFE/BAYVIEW REALTY INC.