Land · For sale

0 MOORE Lane, Bancroft

$450,000

Listing brokerage: EXP REALTY · MLS® X13681580

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

EXP REALTY

Type

Land

Deal

For sale

Category

Land · Commercial and industrial land

Size

28 sq ft

Lot

0 x 0 ft

Area

Bancroft Ward

MLS® number

X13681580

Description

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.