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In-PersonVirtual Tour
$ 450,000
Est. payment | /mo
28 SqFt
$ 450,000
Est. payment | /mo
28 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 28 sqft
Price per Sqft $16,071
Subdivision Bancroft Ward
MLS Listing ID X13681580
Annual Tax Amount $828
Tax Year 2025
Property Sub-Type Land
Property Description
Excellent opportunity to acquire approximately 30 acres of residential land in Faraday Township, just outside Bancroft. Surrounded by mature trees, the property offers a private, natural setting while remaining close to town amenities and the renowned Eagle's Nest Lookout and Adventure Park.The property benefits from two access points via Moore Lane and Eagle's Nest Park Road, providing excellent flexibility for future development. A preliminary 23+ lot subdivision concept has already been prepared, with private well and septic contemplated for each lot.Projected lot values of approximately $100,000-$120,000 each provide potential gross lot sale proceeds of approximately $2.3M-$2.76M based on 23 lots.A unique opportunity for a developer or investor to secure a sizeable residential development parcel in a highly desirable forested setting near Bancroft. Buyer to complete their own due diligence regarding zoning, subdivision approvals, lot yield, servicing, environmental matters and development potential.
Location
Province ON
County Hastings
Area Hastings
Zoning RE - Vacant residential land not on water
Exterior
Utilities Available None
Building
Lot Description Lot
Lited by EXP REALTY
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