$4,312,000
Available - For Sale
Listing ID: X13503322
20 Valleyview Drive , Bancroft, K0L 1C0, Hastings
| 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. |
| Price | $4,312,000 |
| Taxes: | $25532.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 20 Valleyview Drive , Bancroft, K0L 1C0, Hastings |
| Directions/Cross Streets: | Monck St (HWY 28) & Valleyview Dr |
| Rooms: | 87 |
| Bedrooms: | 37 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Walk-Out |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 3-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 25 |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Anchor New Homes Inc. |
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|
Marjan Heidarizadeh
Sales Representative
Dir:
416-400-5987
Bus:
905-456-1000
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Hastings |
| Municipality: | Bancroft |
| Neighbourhood: | Bancroft Ward |
| Style: | 3-Storey |
| Tax: | $25,532 |
| Beds: | 37 |
| Baths: | 24 |
| Fireplace: | N |
| Pool: | None |
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