Description

Prime 35-acre development opportunity located in the Town of Bancroft, ideally situated directly behind the No Frills grocery store. This property offers excellent potential for a variety of future uses, including commercial, mixed-use, or residential development. The size and location lend themselves well to concepts such as a retail plaza with residential units above, or a thoughtfully planned multi-use development. A rare opportunity to acquire a large parcel within town limits with strong long-term potential. (id:66096)

Property Details

MLS®: X13251764
Property Type: Vacant Land
Zoning: C-MS & FD
Lot Size: 35 acres
Frontage: 119 ft
Price per Acre: $7,686 per acre
Property Tax: $1,200/yr
Listed: 152 days ago

Features

Lot Features: Irregular lot size

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

152d

Bancroft (Bancroft Ward) listings, avg age

104d

List price

$269K

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.

Haho

This vacant land in Bancroft (Bancroft Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Century 21 Granite Realty Group Inc. · Emma Kearns

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $269,000, about 3.4× the local median household income of $79,000.

Carrying it typically needs a household income of about $52,545 (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)

$269,000

For sale

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Financing

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47 & 55 Cleak Avenue, Bancroft (Bancroft Ward) - Vacant Land for Sale