$575,000

For sale

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105 Hastings Street North, Bancroft (Bancroft Ward) - Retail for Sale

105 Hastings Street North, Bancroft (Bancroft Ward), Ontario, K0L1C0

4 baths6 parking3,600 ft²Listed 280 days ago

Overview

This retail property in Bancroft is for sale offering roughly 3,600 sq ft of space.

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Description

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. ** Main Floor Features:**- Recently added a second 2-piece bathroom- Separate entrance for privacy and convenience- The main floor has been divided with drywall, - Recent updates include Upper Level / Apartments:**- Two fully rented units: - A spacious 3-Investment Opportunity in Downtown Bancroft! Discover this renovated commercial property in the heart of Bancroft's vibrant downtown. Currently operating as a successful hair salon, the building offers multiple income streams and potential for future development. Main Floor: Divided into two units of approximately 600 sq. ft. each. Separate entrance and bathroom for each unit. A second two-piece bathroom has recently been added. Upper Level: Two rented apartments: a spacious three-bedroom unit and a cozy one-bedroom unit. Each apartment features a modern three-piece bathroom with updated fixtures. Fresh paint and new laminate flooring throughout. Separate hydro and water meters for each unit. With both apartments currently rented, this property offers immediate rental income and exciting potential for future growth. Don't miss this prime downtown investment opportunity! (id:66096)

Property Details

MLS®: X12737024
Property Type: Retail
Business Type: Personal Services
Zoning: C-MS
Bathrooms: 4
Parking: 6
Interior Size: 3,600 ft²
Frontage: 66 ft
Building Area: 3,600 ft²
Heating: Baseboard heaters
Cooling: None
Property Tax: $2,856/yr
Listed: 280 days ago

Features

Appliances: Water Heater

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

280d

Bancroft (Bancroft Ward) listings, avg age

104d

Price / ft²

$160

List price

$575K

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 retail in Bancroft (Bancroft Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE CREDIT VALLEY REAL ESTATE · CARLA CASTALDO-LACASSE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $575,000, about 7.3× the local median household income of $79,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 42% 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)

$575,000· $160/ft²

For sale

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Financing

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