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$ 4,312,000
Est. payment /mo
New
20 Valleyview DR Bancroft, ON K0L 1C0
37 Beds
24 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Bancroft Ward
MLS Listing ID X13503322
Style 3-Storey
Bedrooms 37
Annual Tax Amount $25,532
Tax Year 2026
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Hastings
Area Hastings
Rooms
Family Room Yes
Basement Walk-Out
Kitchen 24
Interior
Interior Features Water Heater Owned
Cooling Window Unit(s)
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 249.82
Lot Depth 124.91
Total Parking Spaces 24
Building
Foundation Concrete
Others
ParcelsYN No
Listed by Anchor New Homes Inc.