Welcome to this remarkable [] investment located in the coveted neighborhood of Bancroft Ward. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $899,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Fully Tenanted 5-Plex In The Core Of Bancroft Offering Stable, Income-Focused Value With Immediate Cash Flow And Built-In Upside. The Property Supports A Cap Rate In The 8% Range Based On Current In-Place Income. The Building Contains Five Self-Contained Residential Units With A Functional Unit Mix And Has Operated As A Rental 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, And A Shared Coin-Operated Laundry Area Provides Additional Income. All Units Are Currently Rented Inclusive Of Utilities, With Individual Hydro Meters Already In Place, Allowing A Future Owner To Transition Tenancies To Plus Hydro And Improve Net Income Over Time. A 2.5% Rent Increase Permitted Under Ontario Legislation Has Not Yet Been Applied, Providing Additional NOI Growth Without Capital Expenditure. 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. A Straightforward, Stabilized Multi-Residential Asset Offering Immediate Income, And Additional Value Driven Through Operational Improvements.
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Data-driven valuation for 33 Flint Avenue, Bancroft, ON K0L 1C0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
No schools found within 3 km of this property.
No current listings found in Bancroft.
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