0 Hwy 62 Highway, Bancroft, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Dungannon Ward. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
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.
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Property Summary
This land located at 0 Hwy 62 Highway, Bancroft is currently for sale and has been available on SousaSells for 17 days. This property is listed at $500,000 with an estimated mortgage of $1,664* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 0 Hwy 62 Highway, Bancroft is in the Dungannon Ward neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Dungannon Ward, Bancroft.
- •Desirable Land architecture in Dungannon Ward, Bancroft
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
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Community Features
None listed
Frequently Asked Questions about 0 Hwy 62 Highway, Bancroft, ON
Q.What is the asking price for 0 Hwy 62 Highway, Bancroft, ON ?
The current listing price for 0 Hwy 62 Highway, Bancroft, ON in Dungannon Ward, Bancroft is $500,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and null bathrooms.
Q.What property type and architectural style is 0 Hwy 62 Highway, Bancroft, ON ?
0 Hwy 62 Highway, Bancroft, ON is a Land () featuring a basement.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via .
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Dungannon Ward, Bancroft
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 0 Hwy 62 Highway, Bancroft, ON K0L 1C0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Bancroft, ON
For a property listed at $500,000 in Bancroft, the legal minimum down payment is $25,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,475 for this transaction. As this listing is in Bancroft (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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