$450,000

About this listing

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 two years 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.