0 MOORE LANE, Bancroft (Bancroft Ward)

$450,000

For sale: Vacant Land

Vacant Land at 0 MOORE LANE, Bancroft (Bancroft Ward)
Property type
Land
MLS®
MLS® X13681580
Neighbourhood
Bancroft Ward

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.

Sold data

Homes in Bancroft (Bancroft Ward) — recent sold market

Homes in Bancroft (Bancroft Ward) took a median of 41 days to sell over the last 365 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 104, across 79 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.

The median sale price was $390,000.

Homes sold for about 5.8% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 35% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$390,000
Sale-to-list ratio
94.2%
Sold above asking
6%

Based on 79 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Bancroft (Bancroft Ward)

Bancroft (Bancroft Ward) has 3 Fraser Institute–rated schools (3 elementary), averaging 5.6/10.

Rated schools
3
Elementary
3
Average rating
5.6 / 10

Top-rated schools in Bancroft (Bancroft Ward)

  • Our Lady of Mercy — elementary, BancroftFraser rating 8.3/10
  • Birds Creek — elementary, BancroftFraser rating 4.3/10
  • North Hastings — elementary, BancroftFraser rating 4.1/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 0 MOORE LANE