About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13081942
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	May 14, 2026
Days on Market	84
Price per Sq Ft	$899,900
Brokerage	LPT Realty