33 FLINT AVENUE, Bancroft (Bancroft Ward), Ontario, K0L1C0

Property Description

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. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 6
• Living Area: 1 sq ft (0.1 m²)
• Attached: Yes
• Lot Size: 29665.0000 acres (12005.01 ha)
• Frontage: 131 ft (39.9 m)

Costs

• Annual Taxes: $5,711.00

Listing Provided by: LPT Realty
Board: Central Lakes Association of REALTORS®
Data provided via CREA DDF®.