20 Valleyview Drive, Bancroft, ON K0L 1C0

For Sale 10 days on Market MLS® X13503322
Asking Price
$4,312,000
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Overview
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The property is a 24-unit apartment building in Bancroft, built in 1980 and renovated between 2022 and 2026 offering stabilized income and opportunity for further top line revenue growth. Major capital improvements have been completed over the past few years making this a turnkey asset for investors with opportunity to further increase revenue with future turnover. New flooring consisting of high quality durable materials replaced in all common areas (hallways, stairwells & laundry area). Updated coin operated Machines in laundry area have added to increased monthly revenue. Other Recent upgrades to main plumbing, all new Roofing on side surround, all new railings and concrete steps to both exterior entrances and replacement of several water heaters within the building. The property benefits from professional management and a strategic location in Bancroft. Bancroft is a key service hub for North Hastings County with a population of around 60,000.The location offers proximity to healthcare, retail, dining, and recreation facilities. The rental market is supply-constrained, supporting rental growth. The area benefits from post-pandemic migration and increased demand for rental housing.
Bedrooms
37
Bathrooms
24.0
Area
4,250 sqft
Lot Size
0.7 acres
Type
Multiplex

Property Details

Year BuiltNot Disclosed
CityBancroft
Postal CodeK0L1C0
Lot Dimensions249.82 × 124.91 ft
Parking24 spaces

Interior Features

Heat: Baseboard
Heat Source: Electric
Cooling: Window Unit(s)
Style: 3-Storey

Exterior & Land

Sewer: Sewer
Construction: Brick
Roof: Asphalt Shingle

Utilities & Services

Heat SourceElectric
Water SourceNot specified
SewerSewer

Financial Information

List Price$4,312,000
Annual Taxes$25,532 (2026)
Days on Market10
MLS® X13503322 • Listed by Anchor New Homes Inc.
20 Valleyview Drive, Bancroft, ON K0L 1C0
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$4,312,000.00
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Effective Amortization30 Years
Property Location
20 Valleyview Drive, Bancroft, ON K0L 1C0
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