$629,900

For sale

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

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

2 baths19 parking1,827 ft²66 × 165 ft (10,890 sq ft) lot sizeListed 81 days ago

Overview

This retail property in Bancroft is for sale offering roughly 1,827 sq ft of space. It has been on the market 81 days, fresher than the Bancroft average of 104 days.

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Description

Turnkey restaurant opportunity in picturesque Bancroft! In just a short time, Northern Fried Chicken has become a popular venue for casual dining. Situated downtown at the busy intersection of Hastings Rd North and Madawaska St, along with No Frills and Shoppers Drug Mart. Features a great menu of delicious, affordable and popular menu items. Check out the NFC Chicken Breast Strips, they are the best! Being sold as a complete package with property and restaurant business, including kitchen equipment and furnishings plus training, marketing tools and IP. Very generous lot- 66' on Hastings N and 165' on Madawaska with parking for 19 cars. The main building is 1,865 sq ft (14' ceiling) with seating for 44 customers. Property zoning is C1-Commercial Centre, encompassing a wide range of permitted uses including food service, convenience store, gas bar, hotel, clinic and many others. Please see attachment for a complete list of permitted uses as per the Bancroft ZBL. Bancroft is a small town but its catchment area generally covers the entire North Hastings region and adjacent rural municipalities. This spans a population of up to 60,000 residents and the town is especially busy in summer with the seasonal arrival of cottagers and other travelers to the area. (id:66096)

Property Details

MLS®: X13679478
Property Type: Retail
Zoning: C1-Commercial Centre
Bathrooms: 2
Parking: 19
Interior Size: 1,827 ft²
Lot Size: 66 × 165 ft (10,890 sq ft)
Frontage: 66 ft
Cooling: Fully air conditioned
Property Tax: $4,302.52/yr
Listed: 81 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

81d

Bancroft (Bancroft Ward) listings, avg age

104d

Price / ft²

$345

List price

$630K

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) has been listed for 81 days, which is 23 days fresher than the city average of 104. Act while there is still low competition.

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Listed by RE/MAX ROUGE RIVER REALTY LTD. · TIMOTHY EDWARD DOBSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $629,900, about 8.0× the local median household income of $79,000.

Carrying it typically needs a household income of about $123,042 (20% down, 25-yr amortization, stress-tested) — roughly 56% 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)

$629,900· $345/ft²

For sale

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