33 Flint AVE, Bancroft, ON K0L 1C0
33 Flint AVE, Bancroft, ON K0L 1C0
33 Flint AVE, Bancroft, ON K0L 1C0
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$899,900
Est. payment /mo
6 Baths
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Bancroft Ward

MLS Listing ID X13081942

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 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.

Location

Province ON

County Hastings

Area Hastings

Zoning CF

Interior

Cooling No

Inclusions Property includes coin-operated washer and dryer, owned hot water tank, and security cameras with monitors.

Exterior

Parking Features None

Utilities Available Yes

Building

Lot Description Building

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Lited by LPT Realty

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Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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33 Flint AVE

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