7 Faraday Street, Bancroft, ON
Property no longer active
This property was sold on May 21, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bancroft Ward. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $299,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 76 x 66 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote, Primary Bedroom - Main Floor, Propane Tank
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
Welcome to #7 Faraday Street, a cozy and charming bungalow ideally situated on a quiet, dead end residential street in the heart of Beautiful Bancroft. This 2-bedroom, 2-bathroom home offers a perfect opportunity for first time buyers, investors or retirees seeking a peaceful, low-maintenance property with excellent proximity to town amenities. Step inside and discover the inviting, cottage-style ambiance enhanced by a spacious south-facing sunroom, a perfect retreat for morning coffees or relaxing afternoons. The functional floor plan includes a mostly finished basement with laundry and storage, as well as a cold room, and a versatile den that can serve as a home office, guest room or hobby space. An attached single-car garage offers secure parking and additional storage, while a large backyard storage shed provides ample space for tools, recreational gear, or seasonal items. Located just steps from downtown Bancroft, this home ensures effortless access to shopping, dining, healthcare services, and recreational facilities. Explore nearby trails, lakes, and parks, or enjoy the vibrant arts and cultural community that Bancroft is known for. With Bancroft's growing appeal as a year round destination, this home and property represents a strategic investment opportunity, ideal for both personal use and incredible rental potential. We welcome you to experience the comfort, convenience, and charm that this delightful bungalow has to offer.
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Property Summary
This detached home located at 7 Faraday Street, Bancroft is currently for sale and has been available on SousaSells for 443 days. This property is listed at $299,000 with an estimated mortgage of $995* per month. It has 2 beds, 2 bathrooms, and is 700-1100 square feet. 7 Faraday Street, 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
Parking & Garage
Heating & Cooling
Features
Property Features
Campground, Fenced Yard, Golf, Hospital, Library, Rec./Commun.Centre
Interior Features
Auto Garage Door Remote, Primary Bedroom - Main Floor, Propane Tank, Storage, Water Heater Owned
Security Features
Community Features
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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 7 Faraday Street, 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 $299,000 in Bancroft, the legal minimum down payment is $14,950 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 $2,960 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 $2,960.
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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.