33 Flint Avenue, Bancroft, ON K0L 1C0, Bancroft, ON, K0L 1C0
MLS: X12776950 | Investment
$949,000
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.
Quick Facts
- Property Type: Investment
- Bedrooms: None
- Bathrooms: 6
- Lot Size: 29,665 sq ft (2,756.0 m²)
Costs
- Annual Taxes: $5,711.00 (2025)
Listing Provided by: LPT Realty
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: No
- Utilities: Yes
Lot & Land
- Lot Size: 29,665 sq ft (2,756.0 m²)
- Zoning: CF
Community & Neighbourhood
- Neighbourhood: Bancroft Ward
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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33 Flint Avenue, Bancroft, ON K0L 1C0, Bancroft, ON, K0L 1C0