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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$4,312,000
Available - For Sale
Listing ID: X13503322
The property is a 24-unit apartment building in Bancroft, built in 1980 and renovated between 2022 and 2026 offering stabilized income and opportunity for further top line revenue growth. Major capital improvements have been completed over the past few years making this a turnkey asset for investors with opportunity to further increase revenue with future turnover. New flooring consisting of high quality durable materials replaced in all common areas (hallways, stairwells & laundry area). Updated coin operated Machines in laundry area have added to increased monthly revenue. Other Recent upgrades to main plumbing, all new Roofing on side surround, all new railings and concrete steps to both exterior entrances and replacement of several water heaters within the building. The property benefits from professional management and a strategic location in Bancroft. Bancroft is a key service hub for North Hastings County with a population of around 60,000.The location offers proximity to healthcare, retail, dining, and recreation facilities. The rental market is supply-constrained, supporting rental growth. The area benefits from post-pandemic migration and increased demand for rental housing.
Price $4,312,000
Taxes: $25,532
Assessment Year: 2025
Occupancy by: Tenant
Address: 20 Valleyview Drive , Bancroft, K0L 1C0, Hastings
Directions/Cross Streets: Monck St (HWY 28) & Valleyview Dr
Rooms: 87
Bedrooms: 37
Bedrooms +: 0
Washrooms: 24
Family Room: T
Basement: Walk-Out
No. of Pieces Level
Washroom 1:  3
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 25
Pool: None
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Anchor New Homes Inc.

20 Valleyview Drive , Bancroft, K0L 1C0, Hastings

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Hastings
Municipality: Bancroft
Neighbourhood: Bancroft Ward
Style: 3-Storey
Lot Size: x 124.91(Feet)
Approximate Age:
Tax: $25,532
Maintenance Fee: $0
Beds: 37
Baths: 24
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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