$575,000
Available - For Sale
Listing ID: X12086204
105 Hastings Stre North , Bancroft, K0L 1C0, Hastings
| **Investment Property Alert!** This beautifully renovated commercial building in the heart of downtown Bancroft presents a prime opportunity for income generation. Currently operating as a hair salon, the main floor features a 2-piece bathroom, with plumbing available to easily add a second bathroom. Theres also a secondary access point on the main floor behind the wall, enhancing the building's versatility. The second story boasts two well-appointed apartments with a separate entrance: a spacious 3-bedroom apartment and a cozy one-bedroom unit. Both apartments feature modern 3-piece bathrooms, new fixtures, fresh paint, and new laminate flooring, making them attractive rental options. As an added bonus, both apartments are already rented out, ensuring immediate cash flow. Recent updates include a new metal roof installed in 2023 and extensive renovations throughout the property, all completed within the same year. Each unit is on separate hydro and water meters, providing ease of management. There's exciting potential to convert the main floor into two additional rental units, with plumbing already in place for a second bathroom. **Extras:** The current salon operator is open to negotiating a favorable rate to stay on as a tenant, providing added stability for the new owner. Don't miss this fantastic opportunity to invest in a prime downtown location with multiple income streams! |
| Price | $575,000 |
| Taxes: | $2854.73 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 105 Hastings Stre North , Bancroft, K0L 1C0, Hastings |
| Postal Code: | K0L 1C0 |
| Province/State: | Hastings |
| Legal Description: | Pt Lt 190 Pl 411 As In Qr609779 T/W Qr60 |
| Directions/Cross Streets: | Hastings/Station St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Health & Beauty Related |
| Building Percentage: | T |
| Total Area: | 6576.74 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1200 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Recreation/Comm |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 3 |
| Outside Storage: | T |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Bay Size Length Feet: | 99 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | None |
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| ROYAL LEPAGE CREDIT VALLEY REAL ESTATE |
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Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hastings |
| Municipality: | Bancroft |
| Neighbourhood: | Bancroft Ward |
| Tax: | $2,854.73 |
| Baths: | 3 |
| Fireplace: | N |
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