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:51075)
Vacant landProperty Type
28 acresLot Size
$16,071Price/Acres
Listed by ANDREW ODOARDI
Listed by Sestino Kazimierz Christian Vinelli• EXP REALTY
This 28 acres is practically in town while still feeling like you are in the country providing year round access through two roads, Moore Lane to the north and Eagles Nest Park Road to the south. Plenty of opportunities to build, severe or use as a recreational property. There is a good stand of timber on the property which could be harvested or kept in it's natural state and possibly operate a sugar bush or check our reducing taxes by applying for a forestry plan from a local professional. The opportunities are endless and only your imagination to bring them to reality so take a look at this one today and let your future begin.