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Faraday, ON K0L 1C0,29375 Hwy 28 N/A S
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Faraday, ON K0L 1C0,29375 Hwy 28 N/A S
Faraday, ON K0L 1C0,29375 Hwy 28 N/A S
Faraday, ON K0L 1C0,29375 Hwy 28 N/A S
Faraday, ON K0L 1C0,29375 Hwy 28 N/A S
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 1,499,000
Est. payment /mo
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Pending

29375 Hwy 28 N/A S Faraday, ON K0L 1C0

1 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Pending

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $1,499,000

Subdivision Faraday

MLS Listing ID X12247700

Annual Tax Amount $10,619

Tax Year 2025

Property Sub-Type Sale Of Business

Lot Depth 402.64

Lot Front 118.24

Property Description

"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.

Location

Province ON

County Hastings

Community Faraday

Area Hastings

Interior

Cooling No

Exterior

Community Features Major Highway

Utilities Available Yes

Lot Frontage 118.24

Lot Depth 402.64

Others

Security Features No

Listed by RE/MAX COUNTRY CLASSICS LTD.
agent

Jethro Seymour

Broker

+1(416) 712-0767

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29375 Hwy 28 N/A S

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