33 Flint Avenue, Bancroft, ON K0L 1C0, Bancroft, ON, K0L 1C0
MLS: X13081942 | Investment
$899,900
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.
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
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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