33 Flint Avenue
Bancroft, ON
6 bath • 0.68 sqft • Investment • 116 days on market
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.
Listing Details
- Taxes (2025)
- $5,711
- Listed
- May 4, 2026
Price History
Listing history
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Property
- Lot Size
- 131 x 173 Feet
Location & Legal
- Cross Street
- BRIDGE & HASTINGS
- Zoning
- CF
- Parcel Number
- 400730203
- Possession
- Flexible
Commercial
- Business Type
- Apts - 2 To 5 Units
- Occupancy
- Tenant
- Office / Apartment Area
- 0 %
Included
- Inclusions
- Property includes coin-operated washer and dryer, owned hot water tank, and security cameras with monitors.
Community
Postal area K0L
- Population
- 78,142
- Private dwellings
- 48,786
- Median age
- 54
- Average household size
- 2.3
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Bancroft · last 12 months
- Median sold price
- $375,000
- Homes sold
- 82
- Median days on market
- 40
- Sale-to-list price
- 93.1%
Based on 82 recorded sales of commercial properties in Bancroft over the last 12 months.
Listed by
LPT Realty
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Commercial figures
- Annual property tax
- $5,711
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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