$550,000

$575,000For salePrice drop↓ $25,000 (4%)

10 - 12 Flint Avenue, Bancroft (Bancroft Ward) - Single Family for Sale

10 - 12 Flint Avenue, Bancroft (Bancroft Ward), Ontario, K0L1C0

2 beds2 baths4 parking6,534 sq ft (0.15 ac) lot sizeListed 78 days ago

Overview

This 2-bedroom, 2-bathroom home in Bancroft is for sale. It has been on the market 78 days, fresher than the Bancroft average of 104 days.

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Description

Bancroft - Best of both worlds. Rental income plus spacious apartment for an owner to enjoy. Large second floor apartment with 2640 sq ft can provide fabulous living accommodations for the owner or can also be used as rental income. Apartment features an open concept layout with a kitchen that is ideal for entertaining with a generous amount of cupboards and a wrap around counter. Living room has a propane fireplace, skylights and an adjoining den. Primary bedroom has a very large ensuite. There is a second bedroom, laundry room, 3 piece bathroom and a huge utility room with tons of storage. Den could easily be closed in for a third bedroom. Added bonus of a 20 x 30 enclosed porch and another 30 x 30 deck where you overlook the town. Main floor vestibule with a chair lift installed for handicapped access. Property currently has two reliable rental properties. Choices Thrift Shop is 2640 sq feet and The Art Gallery of Bancroft is 1800 sq ft. Both front on Flint Street with parking beside the Art Gallery and on the street. There is a private laneway for parking for the apartment. SEE DOCUMENTS OF FILE FOR MORE INFORMATION. (id:66096)

Property Details

MLS®: X13686098
Property Type: Single Family
Zoning: C-MS
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 4
Lot Size: 6,534 sq ft (0.15 ac)
Frontage: 102 ft
Storeys: 2
Basement: None
Heating: Heat Pump, Propane
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Property Tax: $11,668.48/yr
Listed: 78 days ago

Features

Appliances: Washer, Central Vacuum, Dishwasher, Oven, Dryer, Freezer, Oven - Built-In, Water Heater
Foundation: Slab
Exterior: Stucco
Lot Features: Lane, Level

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

78d

Bancroft (Bancroft Ward) listings, avg age

104d

List price

$550K

Homes here sell slower than most markets

Sold homes in this market spent an average of 69 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.

Haho

This 2-bed single family in Bancroft (Bancroft Ward) has been listed for 78 days, which is 26 days fresher than the city average of 104. Act while there is still low competition.

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Listed by RE/MAX COUNTRY CLASSICS LTD. · Chris Grant

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $550,000, about 7.0× the local median household income of $79,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 36% 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)

$550,000

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$972/mo

Total monthly$3,855

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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