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$575,000
Available - For Sale
Listing ID: X12086204
This is a fantastic investment opportunity! **Investment Property Opportunity in Downtown Bancroft!**Discover this beautifully renovated commercial building, perfectly situated in the heart of Bancroft's vibrant downtown. Currently operating as a successful hair salon, this versatile property offers multiple income streams and exciting potential for further development.**Main Floor Features:**- Recently added a second 2-piece bathroom- Separate entrance for privacy and convenience- The main floor has been divided with drywall, creating a rentable space- Existing commercial use as a hair salon, with additional potential to convert into two rental units- Recent updates include a durable metal roof installed in 2023**Upper Level / Apartments:**- Two fully rented units: - A spacious 3-bedroom apartment - A cozy 1-bedroom unit- Modern 3-piece bathrooms in both units, with new fixtures- Fresh paint and new laminate flooring throughout- Separate hydro and water meters for each unit, simplifying management- Both apartments are currently rented, ensuring immediate cash flow**Additional Highlights:**- Plumbing in place for a second bathroom, offering potential to convert the main floor into two additional rental units- The current salon operator is open to negotiating a favorable lease to remain as a tenant, providing stability for the new ownerDon't miss out on this prime downtown property with multiple income opportunities and the potential for further development. Perfect for investors seeking immediate cash flow and future growth!---Would you like me to create a visual advertisement or social media post for this listing?
Price $575,000
Taxes: $2,854.73
Tax Type: Annual
Occupancy by: Owner+T
Address: 105 Hastings Street North , Bancroft, K0L 1C0, Hastings
Postal Code: K0L 1C0
Province/State: Hastings
Legal Description: Pt Lt 190 Pl 411 As In Qr609779 T/W Qr60
Directions/Cross Streets: Hastings/Station St
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Multi-Use
Use: Health & Beauty Related
Building Percentage: T
Total Area: 6,576.74
Total Area Code:  Square Feet
Office/Appartment Area: 1200
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway   Recreation/Comm
Franchise: F
Maintenance: 0
Sprinklers: No
Outside Storage: T
Rail: N
Crane: F
Soil Test: No
Bay Size Length Feet: 99
Heat Type: Baseboard
Central Air Conditioning: No
Sewers: None
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ROYAL LEPAGE CREDIT VALLEY REAL ESTATE

105 Hastings Street North , Bancroft, K0L 1C0, Hastings

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Commercial Retail
Area: Hastings
Municipality: Bancroft
Neighbourhood: Bancroft Ward
Style:
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $2,854.73
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949