The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Investment Property Opportunity in Downtown Bancroft!** Discover this beautifully renovated commercial building, perfectly situated in the heart of Bancroft's vibrant downtown. Currently operating as a successful hair salon, this versatile property offers multiple income streams. ** Main Floor Features:**- Recently added a second 2-piece bathroom- Separate entrance for privacy and convenience- The main floor has been divided with drywall, - Recent updates include Upper Level / Apartments:**- Two fully rented units: - A spacious 3-Investment Opportunity in Downtown Bancroft! Discover this renovated commercial property in the heart of Bancroft's vibrant downtown. Currently operating as a successful hair salon, the building offers multiple income streams and potential for future development. Main Floor: Divided into two units of approximately 600 sq. ft. each. Separate entrance and bathroom for each unit. A second two-piece bathroom has recently been added. Upper Level: Two rented apartments: a spacious three-bedroom unit and a cozy one-bedroom unit. Each apartment features a modern three-piece bathroom with updated fixtures. Fresh paint and new laminate flooring throughout. Separate hydro and water meters for each unit. With both apartments currently rented, this property offers immediate rental income and exciting potential for future growth. Don't miss this prime downtown investment opportunity!
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,389/mo
Mortgage (principal + interest)$2,151
Property taxFrom listing: $2,856/yr$238
Minimum $32,500 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$115,000
Ontario land transfer taxProvincial brackets, no first-time refund$7,975
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$125,775
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Bancroft has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
