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$849,000
Bancroft
70A Holland Lake Road, Bancroft (Bancroft Ward), Ontario, K0L1C0
This 3-bedroom, 2-bathroom home in Bancroft is for sale offering roughly 2,250 sq ft of space. It has been on the market 44 days, fresher than the Bancroft average of 104 days.
Welcome to the Lake House sitting on gorgeous Holland Lake, 10 minutes to downtown Bancroft for all your conveniences. On this one-acre property sits a 3-bedroom, 2-bath 4 season home or cottage, and a wet boathouse with an upper bunkie overlooking the lake. Not to mention the additional bunkie, heated with a propane stove, tucked away in a private spot on the property, an awesome spot for the teenagers or guests. There are also numerous outbuildings such as a workshop, wood shed and other small storage buildings. On the main floor, there are 2 bedrooms, a large open-concept kitchen/dining area, a living room, a 3-piece bath and a walkout to a hot tub under a gazebo, or you can just relax in the screened-in porch, which leads to massive decks for those who enjoy sunbathing. On the lower level is a 3rd bedroom, a 3-piece bath with a huge shower, and a recreation room, which leads to the dock area with lots of room for all the water toys. Holland Lake is a smaller private lake that is enjoyed by approximately a dozen property owners. This could be a year-round home on the water or simply a cottage as presently used. The present owners have a very successful rental program with Airbnb if you choose to recoup on your investment. It's time to check this property out and see all it has to offer; don't delay. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 104 days across the listings currently for sale in this city
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.
This 3-bed single family in Bancroft (Bancroft Ward) has been listed for 44 days, which is 60 days fresher than the city average of 104. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $849,000, about 10.7× the local median household income of $79,000.
Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 110% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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