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Renanza Realty
For sale

35 HASTINGS STREET N

Bancroft (Bancroft Ward), Ontario

MLS® X14157786

$399,000

Status
Active
Property type
Retail
MLS® number
X14157786
Bedrooms
—
Bathrooms
2
Year built
—

Listing 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 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.

Property summary

MLS® number
X14157786
Property type
Retail
Size
3,056 sq ft
Land size
0.103 acres
Annual property taxes
$8,335.00
Parking
4 spaces
Days on market
1 day

Features & details

Cooling
Fully air conditioned

What would this home cost you?

Based on the $399,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$1,856 /mo

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Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Royal LePage Frank Real Estate, Bancroft.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.