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$575,000
Available - For Sale
Listing ID: X12086204
**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: $2,854.73
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Use
Use: Health & Beauty Related
Building Percentage: T
Total Area: 6,576.74
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
Maintenance: 0
Sprinklers: No
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

105 Hastings Stre North , Bancroft, K0L 1C0, Hastings


 
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Type: Com - Commercial Retail
Area: Hastings
Municipality: Bancroft
Neighbourhood: Bancroft Ward
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Lot Size: x 100.00(Feet)
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Tax: $2,854.73
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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