$949,000
Available - For Sale
Listing ID: X12776950
33 Flint Avenue , Bancroft, K0L 1C0, Hastings
| 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. |
| Price | $949,000 |
| Taxes: | $5711.00 |
| 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 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 0.68 |
| Total Area Code: | Acres |
| Office/Appartment Area: | 0 |
| Office/Appartment Area Code: | % |
| Office/Appartment Area Code: | % |
| Retail Area Code: | % |
| Franchise: | F |
| Washrooms: | 6 |
| Heat Type: | Oil Hot Water |
| Central Air Conditioning: | No |
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| LAND & GATE REAL ESTATE INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Bancroft |
| Neighbourhood: | Bancroft Ward |
| Tax: | $5,711 |
| Baths: | 6 |
| Fireplace: | N |
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