33 FLINT AVENUE, Bancroft
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. (id:25961)
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Details
- Transaction: For sale
- Zoning Description: CF
Building
- Appliances: Dryer, Water Heater, Washer
- Cooling: None
- Fireplace Present: False
- Bathrooms (Total): 6
- Heating: Hot Water
- Heating Fuel: Oil
- Size Interior: 1 ac
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Acreage: true
- Size Depth: 173 ft
- Size Frontage: 131 ft
- Size Irregular: 29665
- Size Total: 29665 ac
This property for sale is located at 33 FLINT AVENUE in Bancroft. It was last modified on May 4th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Bancroft homes for sale.
Listing provided by LPT Realty
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