$665,000

For sale

295 Mill Street, Bancroft (Bancroft Ward) - Retail for Sale

295 Mill Street, Bancroft (Bancroft Ward), Ontario, K0L1C0

2 baths20 parking26,136 sq ft (0.60 ac) lot sizeListed 65 days ago

Overview

This retail property in Bancroft is for sale. It has been on the market 65 days, fresher than the Bancroft average of 104 days.

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Description

Excellent visibility and highway exposure make this versatile commercial property an outstanding opportunity for investors and business owners alike. Situated on 128 ft of picturesque York River frontage, the property offers a unique combination of commercial space, income-producing residential accommodation and a substantial attached shop.The property features a 1,170 sq. ft., 3-bedroom apartment with great tenants, providing valuable rental income above. The main commercial building offers approximately 2,253 sq. ft. of retail and office space, complete with a large customer washroom and efficient heat-pump heating with established commercial tenants. Attached is an impressive 2,875 sq. ft. shop featuring two large garage doors and impressive indoor wood heating. With parking for 20+ vehicles, there is ample space for customers, staff and business operations.The property is serviced by town water and a private septic system. With multiple income streams, excellent highway visibility, riverfront setting and a mix of retail, office, residential and shop space, this is a rare opportunity to acquire a well-positioned commercial investment with tremendous potential only minutes from downtown in an area of mixed residential and established commercial businesses. (id:66096)

Property Details

MLS®: X13729430
Property Type: Retail
Zoning: C-GC and H
Bathrooms: 2
Parking: 20
Lot Size: 26,136 sq ft (0.60 ac)
Frontage: 68 ft
Heating: Not known, Other
Cooling: Partially air conditioned
Garage: Other
Property Tax: $7,002.99/yr
Listed: 65 days ago

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

65d

Bancroft (Bancroft Ward) listings, avg age

104d

List price

$665K

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 65 days, which is 39 days fresher than the city average of 104. Act while there is still low competition.

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Listed by Century 21 Granite Realty Group Inc. · Zoe Crossing

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $665,000, about 8.4× the local median household income of $79,000.

Carrying it typically needs a household income of about $129,898 (20% down, 25-yr amortization, stress-tested) — roughly 64% 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)

$665,000

For sale

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Financing

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