185 Hastings St N
Bancroft, K0L 1C0
FOR SALE
$799,000
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BEDROOMS1
BATHROOMS1
KITCHENS4
ROOMSX9510020
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Property Description
Amazing investment opportunity! This 3 bedroom home is tucked away behind a turn-key established restaurant at your front door on two separate lots being sold together as one. The bustling restaurant also has a 2 bedroom, 1 bathroom apartment above. This community favourite comes with everything you need to start your own empire while living on site or using the rental income from the home and apartment towards your business ventures. Main street commercial zoning allows for a range of business opportunities if you do not wish to run a restaurant. Private parking lot on site for 7+ cars. Great exposure from the road and only steps from downtown Bancroft. In an area of well established local businesses. Bancroft is a quickly expanding town between Toronto and Ottawa. Book your viewing today!
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Property Features
Clear View, Level
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Property Details
Street
City
Property Type
Detached, 1 1/2 Storey
Lot Size
70' x 90'
Lot Irregularities
To be sold with MLS#X9510
Fronting
East
Taxes
$3,000 (2023)
Basement
Unfinished
Exterior
Vinyl Siding, Wood
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Front Yard
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 11.09' x 10.79' | |
| Kitchen | Main | 11.09' x 10.10' | |
| Br | Main | 13.62' x 10.40' | |
| 2nd Br | Main | 13.12' x 8.01' |
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Bancroft Market Statistics
Bancroft Price Trend
185 Hastings St N is a 2-bedroom 1-bathroom home listed for sale at $799,000, which is $676,779 (553.7%) higher than the average sold price of $122,221 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Bancroft declined by $412,779 (77.2%) compared to the previous 30 day period (September 21 - October 20) and down $242,779 (66.5%) from the same time one year ago.Inventory Change
There were 4 2-bedroom homes listed in Bancroft over the last 30 days (October 21 - November 19), which is up ∞ compared with the previous 30 day period (September 21 - October 20) and up ∞ compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Bancroft typically sold ($27,679) (22.6%) below asking price over the last 30 days (October 21 - November 19), which represents a $13,679 decrease compared to the previous 30 day period (September 21 - October 20) and ($24,000) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Bancroft over the last 30 days (October 21 - November 19) stood at 25.0%, down from ∞ over the previous 30 days (September 21 - October 20) and down from ∞ one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Bancroft stood at 17 days when successfully sold over the last 30 days (October 21 - November 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Granite Realty Group Inc.
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