58 Cleak Street, Bancroft (Bancroft Ward) - Business for Sale
58 Cleak Street, Bancroft (Bancroft Ward), Ontario, K0L1C0
This business in Bancroft is for sale. It has been on the market 72 days, fresher than the Bancroft average of 105 days.
Description
Welcome to a rare commercial opportunity in the growing community of Bancroft. Perfectly situated, this long-standing local business offers more than just a car wash; it offers the foundation for someone with vision to build something truly special. Positioned in a prime, high-visibility location with steady local and tourist traffic flowing through town year-round, this property has been part of the community for years and is ready for its next chapter. The existing operation features 3 self-serve wash bays and a layout that provides flexibility for future improvements, upgrades, and additional income streams. What makes this opportunity especially exciting is the unrealized potential. In previous years, the property operated a successful detailing service that was well received locally and generated strong business activity. While the current owners have taken a quieter, more hands-off approach in recent years, the groundwork remains in place for a motivated entrepreneur to re-energize the business and capitalize on the demand that still exists in the area. Imagine modernizing the bays, introducing updated payment systems, adding memberships or fleet accounts, re-launching detailing services, vending products, pet wash stations, or seasonal offerings geared toward both locals and the constant flow of cottage country visitors. With Bancroft continuing to attract outdoor enthusiasts, travelers, contractors, and seasonal residents, the opportunity to create a thriving service business here is substantial. This property could appeal to a hands-on owner/operator looking to build equity through improvements, an investor seeking a value-add commercial asset, or someone looking to combine practical income with future growth potential. The bones are here, the location is proven, and the possibilities are wide open for the next owner to bring fresh energy and ideas to a recognizable local business.** (id:66096)
Property Details
- MLS®
- X13710112
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- Not Available (Inquired with municipality)
- Lot Size
- 102 × 111 ft (11,341 sq ft)
- Frontage
- 102 ft
- Heating
- Radiant heat
- Cooling
- None
- Garage
- Other
- Property Tax
- $2,788/yr
- Listed
- 72 days ago
Features
- Appliances
- Oven
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
- Sewer
- Storm sewer
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 72 days on market, against an average age of 105 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 68 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Bancroft (Bancroft Ward) has been listed for 72 days, which is 33 days fresher than the city average of 105. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0L)
This home lists at $449,000, about 5.7× the local median household income of $79,000.
Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.
- Median household income
- $79,000
- Population
- 78,142
- Median age
- 54
- Owner / renter
- 88% / 12%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA K0L)
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$449,000
Bancroft