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    For Sale - 33 Flint Avenue, Bancroft, Ontario

    Est payment $4,321/mo
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    Time on Jump  2 day

    AI Summary *

    • Fully tenanted 5-plex providing immediate cash flow and income stability.
    • Cap rate around 8% based on current income, offering solid investment potential.
    • Five self-contained residential units with a practical mix for tenants.
    • Located on a large lot with municipal water, sewer, and on-site parking.
    • Opportunity for future income growth with unrealized rent increases and hydro transition.




    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.
    Listing IDX13081942
    Address33 Flint Avenue
    CityBancroft, Ontario
    Price$899,900
    Bath6 Full
    StyleInvestment
    Land Size29665
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Oil Hot Water

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    Listing Agency:  LPT Realty

    * 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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    33 Flint Avenue
    Bancroft , Ontario
    6 $899,900
    Get more info