Bancroft K0L 1C0
Canada

Property

Ownership: For Sale
Type: Unknown
Bathrooms: 3
Pets: No Pets Allowed

Financials

Price:C575,000
($412,700)
(€357,900)
Annual Taxes:C2,854.73
505 Park Ave, New York, NY 10022

This is a fantastic investment opportunity !

    Description

    This is a fantastic investment opportunity! **Investment Property Opportunity in Downtown Bancroft!**Discover this beautifully renovated commercial building, perfectly situated in the heart of Bancroft's vibrant downtown. Currently operating as a successful hair salon, this versatile property offers multiple income streams and exciting potential for further development.**Main Floor Features:**- Recently added a second 2-piece bathroom- Separate entrance for privacy and convenience- The main floor has been divided with drywall, creating a rentable space- Existing commercial use as a hair salon, with additional potential to convert into two rental units- Recent updates include a durable metal roof installed in 2023**Upper Level / Apartments:**- Two fully rented units: - A spacious 3-bedroom apartment - A cozy 1-bedroom unit- Modern 3-piece bathrooms in both units, with new fixtures- Fresh paint and new laminate flooring throughout- Separate hydro and water meters for each unit, simplifying management- Both apartments are currently rented, ensuring immediate cash flow**Additional Highlights:**- Plumbing in place for a second bathroom, offering potential to convert the main floor into two additional rental units- The current salon operator is open to negotiating a favorable lease to remain as a tenant, providing stability for the new ownerDon't miss out on this prime downtown property with multiple income opportunities and the potential for further development. Perfect for investors seeking immediate cash flow and future growth!---Would you like me to create a visual advertisement or social media post for this listing?

    Amenities

    • Major Highway
    • Recreation/Community Centre

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.