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    For Sale - 20 Valleyview Drive, Bancroft, Ontario

    Est payment $20,706/mo
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    Views   4
    Time on Jump  55 day

    AI Summary *

    • 24-unit apartment building with recent renovations and stabilized income.
    • Turnkey asset with potential for further revenue growth through future turnover.
    • High-quality durable flooring in common areas enhances appeal.
    • Updated laundry facilities generating increased monthly revenue.
    • Strategic location near healthcare, retail, dining, and recreation options.




    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.
    Listing IDX13503322
    Address20 Valleyview Drive
    CityBancroft, Ontario
    Price$4,312,000
    Bed / Bath37 / 24 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water Heater OwnedOwnership FreeholdBasement Walk-OutFoundation ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 24.00
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    Listing Agency:  Anchor New Homes Inc.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    20 Valleyview Drive
    Bancroft , Ontario
    37 24 $4,312,000
    Get more info