40 York River Drive, Bancroft, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Bancroft Ward. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $575,000 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
- Generous living space spanning < 700 sqft on a premium 252 x 13.243 ft lot
- Notable attributes: None
Description
Zoned Residential, this 13.243 acres is prepared and ready for development and could be a beautiful property for your dream home or sever and build multiple homes with hydro at the road and town water is available. With a backdrop of the York River, this property could be gorgeous with your very own private park setting with fishing, swimming, kayaking and canoeing out your back door. This is a prime piece of land with great privacy in a country like setting but is actually in town! So check it out, you won't be disappointed. The following studies have been COMPLETED: Environmental Impact Study, Geotechnical Investigation & Slope Stability Study, Hydrogeological Assessment Report, Stage 1 & 2 Archaeological Assessment Proposed Development, Survey
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Property Summary
This vacant land located at 40 York River Drive, Bancroft is currently for sale and has been available on SousaSells for 344 days. This property is listed at $575,000 with an estimated mortgage of $1,914* per month. It has 0 beds, 0 bathrooms, and is < 700 square feet. 40 York River Drive, Bancroft is in the Bancroft Ward neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
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Features
Property Features
Arts Centre, Beach, Campground, Clear View, Golf, Hospital
Interior Features
None
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Location
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 40 York River Drive, 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 $575,000 in Bancroft, the legal minimum down payment is $32,500 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 $7,975 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 $7,975.
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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.