0 Hwy 62 Highway

About this home

Excellent opportunity to acquire approximately 59.68 acres of strategically located land just south of Bancroft, minutes from town with direct access along the Highway 62 South corridor near Quarry Road.Formerly designated industrial and commercial, the property has been amended under the County of Hastings Official Plan to Urban Future Development and Urban Environmental Protection, positioning the lands for future residential use. The property is currently held in reserve pending municipal servicing, creating a compelling long-term development and land-banking opportunity.Preliminary projections contemplate approximately 20-40 residential lots, with the conservative scenario based on 20 lots and accounting for wet/environmentally sensitive portions of the site.A rare opportunity to secure a sizeable future residential parcel in a growing Bancroft corridor with significant upside as servicing expands. Buyer to complete their own due diligence regarding zoning, permitted uses, environmental matters, development potential, servicing and access.

Details

Type

Land

Property tax

$1,226 (2025)

Neighbourhood

Dungannon Ward

Municipality

Bancroft

Building and exterior

Building area

60 Acres

More

Possession

TBD

Cross street

From Bancroft, travel south on Highway 62. Turn east onto Quarry Road. Property is located on the north side of Quarry Road, just east of Highway 62.