$535,000

For sale

7 Forest Hill Road, Bancroft (Bancroft Ward) - Single Family for Sale

7 Forest Hill Road, Bancroft (Bancroft Ward), Ontario, K0L1C0

5 beds2 baths5 parking2,250 ft²40,946 sq ft (0.94 ac) lot sizeListed 50 days ago

Overview

This 5-bedroom, 2-bathroom home in Bancroft is for sale offering roughly 2,250 sq ft of space. Its $535,000 asking price sits right in line with the $524,900 median in Bancroft. It has been on the market 50 days, fresher than the Bancroft average of 104 days.

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Description

7 Forest Hill Road, Bancroft - This private, well treed property is situated on a generous 0.94 acre lot shaded by mature oak and maple trees, offering garden and forest views just a short walk to the park and downtown Bancroft. The exceptionally well maintained home offers over 2000 square feet of living space with two kitchens (one is a newly updated custom kitchen with quartz countertop and backsplash!), five bedrooms and two bathrooms across both levels, making it an excellent option for multi-generational living, adult children, guests or those needing extra space. The main level features three bedrooms, hardwood flooring, a new kitchen (2022) with all new (2022) appliances. Cozy up to the wood burning fieldstone fireplace in the open living / dining room. The lower level offers a suite with two additional bedrooms, a full bath, a kitchenette with dining and a living space with a propane stove for heat and ambiance. An access road at the rear of the property adds further appeal, offering potential for severance or space to build a garage. Check out the virtual tour and the list of (extensive) updates! You are going to want to call this one "home". (id:66096)

Property Details

MLS®: X13788498
Property Type: Single Family
Zoning: R1
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 5
Interior Size: 2,250 ft²
Lot Size: 40,946 sq ft (0.94 ac)
Frontage: 400 ft
Storeys: 1
Style: Raised bungalow
Basement: Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes

Rooms

Lower level

Dining room: 3.75 x 3.97 meters
Kitchen: 4.78 x 3.96 meters
Bedroom: 3.26 x 2.7 meters
Bathroom: 2.07 x 1.65 meters
Utility room: 1.96 x 1.1 meters
Bedroom 2: 4.89 x 3.97 meters
Utility room: 2.41 x 1.6 meters
Laundry room: 5.8 x 2.7 meters

Upper Level

Bedroom 3: 3 x 2.7 meters
Bathroom: 1.68 x 2.7 meters

Features

Appliances: Washer, Stove, Oven, Dryer, Cooktop, Water Heater, Two Refrigerators
Foundation: Block
Exterior: Brick
Lot Features: Cul-de-sac, Irregular lot size, Sloping, Lighting, Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Bancroft (Bancroft Ward) listings, avg age

104d

Price / ft²

$238

List price

$535K

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 5-bed single family in Bancroft (Bancroft Ward) has been listed for 50 days, which is 54 days fresher than the city average of 104. Act while there is still low competition.

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Listed by Reva Realty Inc. · Lisa Scott

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $535,000, about 6.8× the local median household income of $79,000.

Carrying it typically needs a household income of about $104,504 (20% down, 25-yr amortization, stress-tested) — roughly 32% above 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)

$535,000· $238/ft²

For sale

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Full Cost Breakdown

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Down Payment5.33% · $28,500

Min 5.33%50%

Mortgage payment$2,808/mo

↳ CMHC premium ($20,260 capitalized)

Property tax (est.)$275/mo

Total monthly$3,083

Cash Needed to Close

Down payment (5.33%)$28,500

Land transfer tax$7,175

Est. closing costs$4,105

Total cash needed$39,780

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