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$ 949,000
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33 Flint AVE Bancroft, ON K0L 1C0
6 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Bancroft Ward
MLS Listing ID X12776950
Annual Tax Amount $5,711
Tax Year 2025
Property Sub-Type Investment
Property Description
Fully tenanted 5-plex in the core of Bancroft offering stable, income-focused value. The property is priced to reflect a 6.7% cap rate on current in-place income, with all units occupied by long-term tenants providing consistent cash flow. The building contains five self-contained residential units with a mix of functional layouts and has been operated as a rental apartment property for many years. Originally constructed as an OPP station and later converted to residential use, the building benefits from solid, institutional-style construction. Heating is provided by an oil-fired hot water boiler with baseboard distribution. A shared coin-operated laundry area provides additional income, and dedicated mechanical and common areas support efficient operation. Situated on an oversized, irregular lot with frontage on Flint Avenue, the property is serviced by municipal water and sewer and includes on-site parking. The asset is well suited for investors seeking a straightforward, stabilized multi-residential property where value is driven by income and cap rate fundamentals.
Location
State ON
County Hastings
Area Hastings
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 131.0
Lot Depth 173.0
Others
ParcelsYN No
Listed by LAND & GATE REAL ESTATE INC.
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