35 Hastings Street
Bancroft, ON
2 bath • 3,056 sqft • Commercial Retail • 62 days on market
Prime Downtown Bancroft Investment Opportunity. Exceptional income-producing commercial property located on Bancroft's busy Main Street, offering outstanding visibility and exposure in the heart of town. This well-maintained mixed-use building features a fully leased commercial level consisting of a restaurant or retail space, along with a spacious three-bedroom residential apartment on the second floor. Both tenants are established and provide strong, reliable income. The apartment is secured with a one-year lease, while the commercial tenant has approximately one year remaining on their lease, providing immediate cash flow and investment stability. The property has seen numerous recent upgrades, including and brand-new roof covering the entire building, a new furnace in the restaurant, and a new hot water tank. The restaurant has been extensively updated and brought up to fire code requirements, featuring a commercial range hood with fire suppression system and a three-sink setup, making it well-equipped for food service operations. Additional features include: Prime main street location with excellent pedestrian and vehicle traffic, Strong rental income from both commercial and residential units, Tenants pay their own utilities, Spacious three-bedroom apartment on the upper level, Paved rear parking lot for tenants and customers, Significant recent capital improvements completed, Turnkey investment with minimal immediate capital requirements. Whether you're expanding your investment portfolio or seeking a quality mixed-use property in a thriving downtown location, this Bancroft landmark offers an excellent combination of income, location, and long-term value.
Listing Details
- Taxes (2026)
- $8,335
- Originally Listed
- $450,000
- Listed
- June 26, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 27 x 160 Feet
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- FLINT ST / HASTINGS ST N
- Zoning
- COMMERCIAL
- Parcel Number
- 400730222
- Possession
- 60-89 days
Commercial
- Business Type
- Hospitality/Food Related
- Occupancy
- Tenant
- Office / Apartment Area
- 1056 Sq Ft
Included
- Exclusions
- Personal Items, All Restaurant Equipment
- Rental Items
- Propane Tanks
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
Royal LePage Frank Real Estate
Location
Commercial figures
- Building area
- 3,056 sq ft
- Price per sq ft
- $130.86
- Annual property tax
- $8,335
- Tax per sq ft
- $2.73
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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