$1,099,900
Bancroft
61 Hastings Street North, Bancroft (Bancroft Ward), Ontario, K0K1C0
This multi-family property in Bancroft is for sale offering roughly 7,920 sq ft of space. It has been on the market 62 days, fresher than the Bancroft average of 104 days.
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)
Features and services as supplied by the listing brokerage.
Long Listed: 62 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) has been listed for 62 days, which is 42 days fresher than the city average of 104. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,099,900, about 13.3× the local median household income of $83,000.
Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 159% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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