Business For Sale · Retail

10 HASTINGS STREET N, Bancroft (Bancroft Ward)

10 HASTINGS STREET N, Bancroft (Bancroft Ward), ON K0L1C0

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

93%

About this property

Give your business a visible spot in downtown Bancroft. Located at 10 Hastings Street North, this approximately 650 sq. ft. commercial unit offers an open retail floor, a large front display window and space for signage above-making it easy to showcase what you do. The space offers a practical layout for retail or a health, beauty or service-based business, subject to permitted uses under the C2 zoning. The unit includes a washroom and a direct street entrance.Customers have several parking options, with street parking directly out front, a parking lot beside the building and municipal parking across the road. Whether you're opening your first storefront or moving an existing business downtown, this space puts you in the heart of Bancroft. Available December 1. Heat, hydro and water are additional to rent. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

134,648

Households

60,776

Median income

$80,000

Median age

43.4

Daytime population

162,615

5-yr growth

6.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 10 HASTINGS STREET N, Bancroft (Bancroft Ward).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.