Description

Discover the perfect place to build your dream home on this beautiful 0.87 acre lot with stunning views of the scenic York River - cross the Highway and jump in your canoe or kayak for a day on the river, or a fun trip into town. Ideally located on Highway 62 North, this property offers 189 feet of highway frontage and combines convenience with the peaceful feel of country living. A culvert and shared entrance driveway are already installed, and municipal water and hydro is at the lot line - making it even easier to start planning your future build. Garbage and recycling pickup at the road, and high-speed internet available for added convenience. The property also features approximately $5,000-$6,000 worth of standing timber value. Enjoy being only minutes from shopping, restaurants, healthcare, the golf course, and all the amenities the Town of Bancroft has to offer. Outdoor enthusiasts will love the close proximity to multiple lakes, ATV and snowmobile trails, boating, fishing, and endless recreational opportunities. Whether you're looking to build a year-round residence or a weekend getaway, this fantastic property offers an incredible opportunity in a beautiful location! (id:66096)

Features

Lot Features: Hillside, Wooded area, Partially cleared, Level

Services

Water: Municipal water
Utilities: Electricity, Telephone, Wireless, Water Available, Electricity Available

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

177d

Bancroft (Bancroft Ward) listings, avg age

104d

List price

$125K

Homes here sell slower than most markets

Sold homes in this market spent an average of 69 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (K0L)

This home lists at $124,500, about 1.6× the local median household income of $79,000.

Carrying it typically needs a household income of about $24,319 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $79,000
Population: 78,142
Median age: 54
Owner / renter: 88% / 12%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0L)

$124,500

For sale

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Financing

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0 Highway 62 N, Bancroft (Bancroft Ward) - Vacant Land for Sale