About this property

Fully tenanted 5-plex in the core of Bancroft offering stable, income-focused value. The property is priced to reflect a 6.7% cap rate on current in-place income, with all units occupied by long-term tenants providing consistent cash flow. The building contains five self-contained residential units with a mix of functional layouts and has been operated as a rental apartment 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. A shared coin-operated laundry area provides additional income, and dedicated mechanical and common areas support efficient operation. 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. The asset is well suited for investors seeking a straightforward, stabilized multi-residential property where value is driven by income and cap rate fundamentals.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12776950
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	1 sq ft
Lot Size	29,665 sq ft
Beds / Baths	0 bed · 6 bath
City	Bancroft
Postal Code	K0L 1C0
Province	ON
Listed Date	March 3, 2026
Days on Market	157
Price per Sq Ft	$949,000
Brokerage	LPT Realty