Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bancroft Ward. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $550,000 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.
Sitting on a generous 1.5+ acre corner lot, this expansive 3,596 sq. ft. brick bungalow offers a rare blend of space, versatility, and investment opportunity, all within minutes of the conveniences of Bancroft. Designed with flexibility in mind, the home has been divided into 3 separate units, creating options for multi-generational living or steady rental income. The main level features a spacious 3-bedroom, 1.5 bathroom apartment, complete with a bright open layout, generous principal rooms, and an ensuite in the primary bedroom. The majority of the lower level walkout is finished, offering two self-contained 1-bedroom, 1 bath apartments, along with shared storage and utility spaces. Each unit enjoys private access and natural light, enhancing both comfort and appeal. Outdoors, the property offers exceptional space for recreation, gardening, or entertaining. Decking overlooks the private yard, while the 775+ sq ft detached garage provides ample room for vehicles, hobbies, or workshop use. The attached double garage adds further convenience and storage. Whether you are seeking an income-generating investment, a property to offset your mortgage with rental income, or an estate property ready to be restored to a private family residence, this property delivers opportunity at every turn. Located on a municipally maintained road with easy access to shopping, schools, and amenities, this is a smart acquisition for those who value both lifestyle, convenience and long term potential. Discover the balance of space, privacy, and profit potential, just moments from the heart of Beautiful Bancroft.
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Golf, Hospital, Library, Place Of Worship, Rec./Commun.Centre, School Bus Route
In-Law Capability
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This could be the first listing for this address.
Data-driven valuation for 4 Maxwell Settlement Road, Bancroft, ON K0L 1C0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Bancroft.
About Purchasing a Home in Bancroft, ON
For a property listed at $550,000 in Bancroft, the legal minimum down payment is $30,000 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 $7,475 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 $7,475.
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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.