$1,099,900

For sale

61 HASTINGS Street North, Bancroft (Bancroft Ward) - Retail for Sale

61 HASTINGS Street North, Bancroft (Bancroft Ward), Ontario, K0L1C0

10,000 ft²12,850 sq ft (0.29 ac) lot sizeListed 62 days ago

Overview

This retail property in Bancroft is for sale offering roughly 10,000 sq ft of space. It has been on the market 62 days, fresher than the Bancroft average of 104 days.

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Description

Fantastic Opportunity to own Restaurant / Bakery / Convenience store AND 4 rental apartments above! Price is including all restaurant equipment and franchise for pizza and fried chicken business! Currently operating as a convenience store with Liquor, Lotto and Tobacco licence. Previously a successful restaurant. Main floor offers 3500 sq ft retail / eat in restaurant space with full kitchen (see list of inventory) and 2 large bathrooms (wheelchair accessible), office and large walk in freezer and walk in fridge ** PLUS * 4 independent apartments above all on their own hydro meter, electric furnace, A/C and appliances owned. Coin laundry shared by all tenants. 1 bed unit x 2 units rented for $1250 (both can have vacant possession on closing), 2 bed unit rented for $1550 and 3 bed unit rented for $1750 with potential for significant rental increases based on current market rent. All residential units in excellent shape with paying tenants on month to month. This building has a new roof (2026) shingle and compressor for walk in freezer. This building owns the parking / cement through way which is a large area to either side of building plus attached storage units. Massive patio space for outside eating area or parking! Market rent is over $6500 per month for all units. Live above your own business or enjoy additional rental income! This commercial building can include the business and all equipment for a very reasonable price! Don't miss this opportunity right on the main road of the growing town of Bancroft! (id:66096)

Property Details

MLS®: X13742722
Property Type: Retail
Zoning: C2
Interior Size: 10,000 ft²
Lot Size: 12,850 sq ft (0.29 ac)
Frontage: 79 ft
Building Area: 10,000 ft²
Heating: Forced air
Cooling: Fully air conditioned
Property Tax: $12,000/yr
Listed: 62 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

62d

Bancroft (Bancroft Ward) listings, avg age

104d

Price / ft²

$110

List price

$1.10M

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 62 days, which is 42 days fresher than the city average of 104. Act while there is still low competition.

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Listed by Keller Williams Inspire Realty · Claire Knight

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $1,099,900, about 13.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 172% 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)

$1,099,900· $110/ft²

For sale

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