Added 3 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Health & Beauty Related
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Zoning: Retail Or Office
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Age: No Data
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Taxes: 2854.73
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MLS®#: X11888463
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Days on Site: 73 Days
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Added: Dec 09, 2024 (3 months ago)
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Updated:
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Last Checked: 2 weeks ago
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Listed By: ROYAL LEPAGE CREDIT VALLEY REAL ESTATE
**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!
Property
Status: Sale
Type: Health & Beauty Related
Property Type: Commercial/Retail
Property Type: Multi-Use
Area: Bancroft
Availability Date: TBD
Inside
Bathrooms: 3
Air Conditioning: N
Washrooms: 3
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Baseboard
Elevator: None
UFFI: No
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: None
Covered Parking Spaces: 6
Fees
Tax Year: 2024
Tax Legal Description: Pt Lt 190 Pl 411 As In Qr609779 T/W Qr609779
Taxes: $2,855
Taxes Type: Annual
Land
Cross Street: Hastings/Station St
Municipality District: Bancroft
Parcel Number: 400730249
Sewer: None
Lot Depth: 100 Feet
Lot Frontage: 66 Feet
Zoning: Retail Or Office
Shipping Doors
Bay Size Width (ft): 66
Bay Size Length (ft): 99
Commercial Specific
Rail: N
Retail Area: 1200
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 6576.74
Total Area Metric: Sq Ft
Office Size: 1200
Office Size Metric: Sq Ft
Area Influence: Major Highway
Area Influence: Rec Centre
Franchise: N
Tangible Property Included: N
Crane: N
Lot Code: Building
Soil Test: N
Business/Building Name: Tammy's Family Hair Care
Financial Statement: N
LLBO: N
Cardiff Elementary School
Elementary: PublicCoe Hill Public School
Elementary: PublicMaynooth Public School
Elementary: PublicBirds Creek Public School
Elementary: PublicOur Lady of Mercy Catholic School
Elementary: CatholicYork River Public School
Elementary: PublicNorth Addington Education Centre
Secondary: PublicNorwood District High School
Secondary: PublicMadawaska Valley District High School
Secondary: PublicHaliburton Highland Secondary School
Secondary: PublicNorth Hastings High School
Secondary: PublicCentre Hastings Secondary School
Secondary: Public