33 Flint Avenue Bancroft (Bancroft Ward), Ontario K0L 1C0
$899,900
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:45725)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13081942 |
| Property Type | Multi-family |
| Community Name | Bancroft Ward |
Building
| Bathroom Total | 6 |
| Appliances | Dryer, Water Heater, Washer |
| Cooling Type | None |
| Heating Fuel | Oil |
| Heating Type | Hot Water |
| Size Interior | 1 Ac |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Size Depth | 173 Ft |
| Size Frontage | 131 Ft |
| Size Irregular | 29665 |
| Size Total | 29665 Ac |
| Size Total Text | 29665 Ac |
| Zoning Description | Cf |
https://www.realtor.ca/real-estate/29699448/33-flint-avenue-bancroft-bancroft-ward-bancroft-ward
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Durham Region Association of REALTORS®
Coldwell Banker 2m Realty
May 05 2026 02:20:18
