0 HWY 62 HIGHWAY
Bancroft (Dungannon Ward), Ontario
MLS® X13681568
$500,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- X13681568
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 3Listing description
Excellent opportunity to acquire approximately 59. 68 acres of strategically located land just south of Bancroft, minutes from town with direct access along the Highway 62 South corridor near Quarry Road. Formerly designated industrial and commercial, the property has been amended under the County of Hastings Official Plan to Urban Future Development and Urban Environmental Protection, positioning the lands for future residential use.
The property is currently held in reserve pending municipal servicing, creating a compelling long-term development and land-banking opportunity. Preliminary projections contemplate approximately 20-40 residential lots, with the conservative scenario based on 20 lots and accounting for wet/environmentally sensitive portions of the site. A rare opportunity to secure a sizeable future residential parcel in a growing Bancroft corridor with significant upside as servicing expands.
Buyer to complete their own due diligence regarding zoning, permitted uses, environmental matters, development potential, servicing and access.
Property summary
- MLS® number
- X13681568
- Property type
- Vacant Land
- Square footage
- 60 sq ft
- Land size
- 59.68 acres
- Annual property taxes
- $1,226.00
- Days on market
- 45 days
What would this home cost you?
Based on the $500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, KITCHENER.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.