$299,000
For sale: Vacant Land

Rare fully entitled multi-residential development parcel in the Town of Bancroft. This severed 0.49-acre lot (Part 1, Plan 21R-27030) fronts 42.3 m on Newkirk Boulevard and is zoned R3-13(h) Multiple Residential - permitting triplex, fourplex, townhouse and low-rise apartment. By-Law 47-2024 is in force with no appeals, and an architectural site plan supports an 8-unit townhouse concept. Reference plan and topographic survey available. Immediately abuts a 76-unit retirement residence under development, supporting rental and staff-housing demand. Walkable to the Bancroft core, at the Highway 28/62 hub of North Hastings. Buyer to confirm servicing and removal of the Holding ("h") provision. Part 1 only - retained adjoining lands are excluded.
Sold data
Homes in Bancroft Ward took a median of 38 days to sell over the last 365 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 71, across 43 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 71 days.
The median sale price was $399,000.
Homes sold for about 6.0% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 43 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
Bancroft (Bancroft Ward) has 3 Fraser Institute–rated schools (3 elementary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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