$899,900
Available - For Sale
Listing ID: X13538780
33 Flint Avenue , Bancroft, K0L 1C0, Hastings
| Attention Investors! Exceptional opportunity to own a fully tenanted 5-plex in the heart of downtown Bancroft, offering an attractive 8.2% cap rate and strong, reliable returns. This well-maintained income property features five beautifully renovated and well-appointed apartments, all leased to AAA tenants, providing immediate, dependable cash flow with minimal management concerns. Designed for comfortable modern living, each spacious unit has been thoughtfully updated with quality finishes and features that appeal to today's tenants. The property also includes the added convenience of on-site coin laundry, creating an additional source of income. The building is equipped with individual hydro meters for each unit, helping to reduce operating expenses. Ideally situated within walking distance of Bancroft's restaurants, boutique shops, entertainment, and everyday amenities, the property also offers convenient access to public transit, making it highly desirable for renters. With rental housing in short supply and tenant demand remaining strong, this is an outstanding investment opportunity offering stable income, excellent occupancy, and long-term appreciation potential. Whether you're looking to expand your real estate portfolio or acquire a turnkey income-producing asset, this exceptional 5-plex delivers an excellent combination of cash flow, location, and investment value. Don't miss this rare opportunity. |
| Price | $899,900 |
| Taxes: | $5557.30 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 33 Flint Avenue , Bancroft, K0L 1C0, Hastings |
| Postal Code: | K0L 1C0 |
| Province/State: | Hastings |
| Legal Description: | LT 51-52 PL 411; PT LT 53, 168 PL 411 PT |
| Directions/Cross Streets: | BRIDGE & HASTINGS |
| 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: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 29665.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 0 |
| Office/Appartment Area Code: | % |
| Office/Appartment Area Code: | % |
| Retail Area Code: | % |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 6 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HOMELIFE/BAYVIEW REALTY INC. |
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Zulakha Ghafoor
Sales Representative
Dir:
647-269-9646
Bus:
416.898.8932
Fax:
647.955.1168
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Bancroft |
| Neighbourhood: | Bancroft Ward |
| Tax: | $5,557.3 |
| Baths: | 6 |
| Fireplace: | N |
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