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Katie VanNes

katie@mostreferred.expert +1(604) 855-8228

$ 450,000

Est. payment | -/mo

2 Baths

3,056 SqFt

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$ 450,000

Est. payment | -/mo

Save

2 Baths

3,056 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3056

Square Footage 3,056 sqft

Price per Sqft $147

Subdivision Bancroft Ward

MLS® Listing ID X13492598

Lot Size 4,486 Sqft

Acres 0.103

Property Description

Prime Downtown Bancroft Investment Opportunity. Exceptional income-producing commercial property located on Bancroft's busy Main Street, offering outstanding visibility and exposure in the heart of town. This well-maintained mixed-use building features a fully leased commercial level consisting of a restaurant or retail space, along with a spacious three-bedroom residential apartment on the second floor. Both tenants are established and provide strong, reliable income. The apartment is secured with a one-year lease, while the commercial tenant has approximately two years remaining on their lease, providing immediate cash flow and investment stability. The property has seen numerous recent upgrades, including and brand-new roof covering the entire building, a new furnace in the restaurant, and a new hot water tank. The restaurant has been extensively updated and brought up to fire code requirements, featuring a commercial range hood with fire suppression system and a three-sink setup, making it well-equipped for food service operations. Additional features include: Prime main street location with excellent pedestrian and vehicle traffic, Strong rental income from both commercial and residential units, Tenants pay their own utilities, Spacious three-bedroom apartment on the upper level, Paved rear parking lot for tenants and customers, Significant recent capital improvements completed, Turnkey investment with minimal immediate capital requirements. Whether you're expanding your investment portfolio or seeking a quality mixed-use property in a thriving downtown location, this Bancroft landmark offers an excellent combination of income, location, and long-term value. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Sewer Sanitary sewer

Listed by Royal LePage Frank Real Estate

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

35 HASTINGS STREET N Bancroft (bancroft Ward), ON K0L1C0

Katie VanNes

Key Details

Location

Rooms

Interior

Exterior

Building

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35 HASTINGS STREET N