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.
| MLS # | X13681580 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 58 |
| Listing Provided By | EXP REALTY | X13681580 285417 |
| SQ Feet | 1,219,680 |
|---|---|
| Acreage | 28.00 |
| Utilities | None |
|---|---|
| Sewer | None |
| Tax Annual Amount | 828 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 71-72 CON W OF HASTINGS RD FARADAY AS IN QR155864 (SCHEDULE A FIRSTLY & SCHEDULE B FIRSTLY) EXCEPT 21R11561 & QR646941 & LYING E OF QR108382; BANCROFT ; COUNTY OF HASTINGS |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | Hastings |
| City | Bancroft |
| Postal Code | K0L 1C0 |
| Area | Bancroft Ward |
| Listing VS Median (in K0L 1C0) | |
Price: $450,000 low | high Med: $580,000 sqft: 1,219,680 low | high Med: 1,801 $ / sqft: $0 low | high Med: $146,330 On site: 58 low | high Med: 328 | |
| Province | ON |
|---|---|
| Region | Hastings |
| City | Bancroft |
| Postal Code | K0L 1C0 |
| Area | Bancroft Ward |
| Listing VS Median (in K0L 1C0) | |
Price: $450,000 low | high Med: $580,000 sqft: 1,219,680 low | high Med: 1,801 $ / sqft: $0 low | high Med: $146,330 On site: 58 low | high Med: 328 | |