Fawad Nissari - Real Estate Agent
105 Hastings ST N Active Save Request In-Person Tour Request Virtual Tour
Bancroft,ON K0L 1C0
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,576 sqft
Price per Sqft $87
MLS Listing ID X11888463
Annual Tax Amount $2,854
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
**Investment Property Alert!** This beautifully renovated commercial building in the heart of downtown Bancroft presents a prime opportunity for income generation. Currently operating as a hair salon, the main floor features a 2-piece bathroom, with plumbing available to easily add a second bathroom. Theres also a secondary access point on the main floor behind the wall, enhancing the building's versatility.The second story boasts two well-appointed apartments with a separate entrance: a spacious 3-bedroom apartment and a cozy one-bedroom unit. Both apartments feature modern 3-piece bathrooms, new fixtures, fresh paint, and new laminate flooring, making them attractive rental options. As an added bonus, both apartments are already rented out, ensuring immediate cash flow. Recent updates include a new metal roof installed in 2023 and extensive renovations throughout the property, all completed within the same year. Each unit is on separate hydro and water meters, providing ease of management. There's exciting potential to convert the main floor into two additional rental units, with plumbing already in place for a second bathroom. **Extras:** The current salon operator is open to negotiating a favorable rate to stay on as a tenant, providing added stability for the new owner. Don't miss this fantastic opportunity to invest in a prime downtown location with multiple income streams!
Location
Province ON
County Hastings
Area Hastings
Interior
Heating Yes
Cooling No
Exterior
Community Features Major Highway,Recreation/Community Centre
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 100.0
Others
Security Features No