MICHAEL ARBOUR - Real Estate Broker
BANCROFT - IT JUST FEELS RIGHT
Box 9, 11 Station St. Bancroft, ON K0L 1C0 Cell: 613-334-0182
Fax: 613-332-5360
Work Phone: 613-334-0182
Email Michael

6 Old L'Amable Road L'Amable (Bancroft, Ontario, CA - K0L 2L0) Built

$278,900
Inexpensive Investment Opportunity

BOWES & COCKS LTD., Brokerage

Michael Arbour Michael Arbour 613-334-0182 (Office) 613-334-0182 (Cell) 613-332-5360 (Fax) Request More Info

  • Diamond in the Rough!
  • Type: Residential
  • Style: 2 Story
  • Bedrooms: 6 "5 one bdrm apartments plus former Apartment"
  • Bathrooms: 7 "Includes 2 pc bath for basement"
  • Half Bathrooms: 1 "2 pc for basement"
  • Garage: "2 Sheds with workshop area."
  • Size: 2,800 sq. ft. "Plus full unfinished w/o basement"
  • Development Level: Built
  • Lot Type: Irregular
  • Lot Size: 31700 sq. ft. 150ft x 240ft
  • Year Built: 1950 "Approximate year"
  • Taxes: $3,572.00 (2018)
  • Basement: Yes, Full

Description

Inexpensive Investment Property! 5 Unit + apartment building just 10 minutes from Bancroft. Fortunately there are no tenants, so the current owner has been able to do some repairs and clean the building. This is ideal because the Bancroft area has a zero vacancy rate and you can choose your tenants instead of inheriting bad tenants. Each unit has a kitchen, living room and one bedroom. Plus there is an extra former apartment. Also there is a full, unfinished basement which potentially may offer another income stream. The building is heated by a forced air propane furnace and there is a drilled well with plenty of water. Plus there are storage sheds and a workshop on a large, level lot. Take advantage of this rare opportunity. Live in one and rent the rest or rent them all again. At this price you should see it a.s.a.p.

Attachments

P2#365838366
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