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$899,900
Bancroft
33 Flint Avenue, Bancroft (Bancroft Ward), Ontario, K0L1C0
This multi-family property in Bancroft is for sale offering roughly 29,665 sq ft of space.
Attention Investors! Exceptional opportunity to own a fully tenanted 5-plex in the heart of downtown Bancroft, offering an attractive 8.2% cap rate and strong, reliable returns. This well-maintained income property features five beautifully renovated and well-appointed apartments, all leased to AAA tenants, providing immediate, dependable cash flow with minimal management concerns. Designed for comfortable modern living, each spacious unit has been thoughtfully updated with quality finishes and features that appeal to today's tenants. The property also includes the added convenience of on-site coin laundry, creating an additional source of income. The building is equipped with individual hydro meters for each unit, helping to reduce operating expenses. Ideally situated within walking distance of Bancroft's restaurants, boutique shops, entertainment, and everyday amenities, the property also offers convenient access to public transit, making it highly desirable for renters. With rental housing in short supply and tenant demand remaining strong, this is an outstanding investment opportunity offering stable income, excellent occupancy, and long-term appreciation potential. Whether you're looking to expand your real estate portfolio or acquire a turnkey income-producing asset, this exceptional 5-plex delivers an excellent combination of cash flow, location, and investment value. Don't miss this rare opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 119 days on market, against an average age of 104 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 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.
This multi-family in Bancroft (Bancroft Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $899,900, about 11.4× the local median household income of $79,000.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 123% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
