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About This Property

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. (id:63604)

Key Facts

Type

Vacant Land

Lot

Property Details 6 details

Living area

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Property

Vacant Land

Property subtype

Vacant Land

Fireplace

Lot dimensions

Lot area

28 acres

Taxes

$828.00 (2,025)

Zoning

RE - Vacant residential land not on water

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Neighbourhood

Area: Bancroft Ward
City: Bancroft
Postal code: K0L 1C0
Nearby: Cross Streets: Hastings St N / Eagles Nest Crescent (Main) between Moore Lane & Eagles Nest Park Road. ** Directions: From Hastings St N (Hwy 62), turn east onto Eagles Nest Crescent, then continue onto Eagles Nest Park Rd. Follow Eagles Nest Park Rd to Moore Lane. Property is located along Eagles Nest Park Rd and Moore Lane.