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CAD 3,888,000

34 HASTINGS Street S
Bancroft, Ontario

Property Description

Profitable, well run hospitality based seniors' independent living residence located on almost 3 acres with 600 ft. of riverfront in a rural community. The property is zoned Multi-Unit Residential with room for expansion. There are 30 rooms for the residents who enjoy home cooked meals served in the huge dining room, long term and onsite staff, a spa, pub, activity rooms, audio/visual room, work space, games/arts/crafts, laundry facilities, a sunroom overlooking the gardens and front entry atrium leading to the lobby. The building was totally renovated and restored in 2009 and features geo-thermal heating and air conditioning, updated electrical and plumbing, kitchen facilities, offices, safety features such as sprinkler system & fire escape towers, elevator lift, plus recently installed steel roofing, membrane on flat roofs and a large, paved parking lot for residents and visitors. Local transit is also available. This is an Asset sale, with the property, building, all chattels, equipment and supplies included. The current employees must be assumed with their existing terms of employment to remain the same. All contracts for services, supplies, equipment and maintenance can be assumed. Currently it is fully occupied with an extensive resident waiting list, as this is the premier residence in the area for active seniors. Respect for the residents and their needs, the community and the environment are of utmost importance to the owners. (id:885)

Courtesy of Bowes & Cocks Limited, Brokerage

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Property Details

ID #
For Sale
Postal Code
City sewer
Fuel Type
Heat pump
Access Type
Road access
Water meter
Full (Partially finished), Partially finished
Community Features
Community Centre, Quiet Area
Construction Material
Concrete block, Concrete Walls, Wood frame
Construction Style Attachment
Cooling Type
Central air conditioning
Equipment Type
Propane Tank
Foundation Type
Heating Fuel
Geo Thermal
Life Style
Golf, Waterfront
Ownership Type
Rental Equipment Type
Propane Tank
Size Frontage
183 ft
Size Total
2.79 ac|2 - 4.99 acres
Surface Water
Cable, DSL*, Telephone
Utility Water
Municipal water, Sand point
Water Front Name
York River
Water Front Type
Waterfront on river
Zoning Description
Multi-Residential R3 R3(f) & (H)
Airport, Golf Nearby, Hospital, Park, Place of Worship, Schools, Shopping
Area Amenities
Airport, Golf Nearby, Hospital, Park, Place of Worship, Schools, Shopping
Asbestos, Concrete, Steel, Stone, Wood
Fire Protection
Alarm system, Monitored Alarm, Security system, Smoke Detectors
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