$1,499,000
Available - For Sale
Listing ID: X12247700
29375 Hwy 28 N/A South , Faraday, K0L 1C0, Hastings
| "Storage In Bancroft" This well established, Self Storage Rental Business has been successfully serving the Town of Bancroft & surrounding area for almost 20 years. Ideally situated on Hwy. 28 South for great visibility and access just 5 minutes south of Bancroft. There are a total of 100 Storage Units in 2 buildings with very few vacancies and a waiting list for most units. This business virtually runs Itself. All bookings & payments are conveniently made on line. Projected gross revenue for 2025 is about $137,000.00 plus HST. The NOI (Net Operating Income) is about $107,000.00. Expect a CAP Rate of over 7%. As well as the 100 Units there is a small Office & an Electrical Room, anda large Double Garage currently used by the owners. Garage measuring 32' x 35' could easily be converted to 4 additional rental units or rented out 'as-is'. Note: The site is 1.143 Acres & will be fully fenced prior to closing. |
| Price | $1,499,000 |
| Taxes: | $10619.42 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 29375 Hwy 28 N/A South , Faraday, K0L 1C0, Hastings |
| Postal Code: | K0L 1C0 |
| Province/State: | Hastings |
| Legal Description: | LOT 8 AND PART LOT 7 RCP 2324 SRO, FARAD |
| Directions/Cross Streets: | Highway 28 South |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | With Property |
| Use: | Self Storage |
| Building Percentage: | T |
| Total Area: | 1.14 |
| Total Area Code: | Acres |
| Office/Appartment Area: | 0 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Business/Building Name: | Storage In Bancroft |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | T |
| Days Open: | O |
| Hours Open: | 8:00 am |
| Employees #: | 0 |
| Seats: | 0 |
| Vacancy Allowance: | 3 |
| Net Income Before Debt: | $107000 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | None |
| Central Air Conditioning: | No |
| Sewers: | None |
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| RE/MAX COUNTRY CLASSICS LTD. |
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416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Hastings |
| Municipality: | Faraday |
| Neighbourhood: | Faraday |
| Tax: | $10,619.42 |
| Fireplace: | N |
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