0 Hwy 62
Bancroft (Dungannon Ward), ON K0L 1C0
- —Bedrooms
- —Bathrooms
- —Garage
- —Sq Ft
- $1,226Tax
- —Lot Size
Free EstimateSee Free Estimate Report
Sale & Price History for Hwy 62, Bancroft, Dungannon Ward
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Hwy 62, Bancroft, Dungannon Ward
Summarized Description
- 59.68 acres of land available for development
- Located just south of Bancroft
- Amended for Urban Future Development
- Potential for 20-40 residential lots
- Long-term land-banking opportunity
- Direct access to Highway 62 South
- Buyer must conduct due diligence
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $1,226
- Land Transfer Tax Fee
- $6,475
Rental Items
- Rental Equipment
- N/A
Interior Features
- Fireplace/Stove
- No
- Elevator
- No
Building
- Building Type
- Land
Inclusions
- Inclusions
- N/A
Exclusions
- Exclusions
- N/A
Heating & Cooling
- Water
- None
- Sewers
- None
- Municipality
- Bancroft
- Neighbourhood
- Dungannon Ward
- Main cross streets
- 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.
- Zoning
- RU - Vacant residential land not on water
- Directions
- Quarry Rd & Mill St
- MLS® number
- X13681568
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-08-12
- Updated on
- 2026-08-17
- Days on market
- 66 days
- Possession type
- Flexible
- Co-op commission
- 2.0%+HST
- Seller
- Listed by
- eXp Realty
Home Market Value
Current home valuation for Hwy 62, Bancroft, Dungannon Ward, Bancroft, ON. Listed for $500,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for Hwy 62, Bancroft, Dungannon Ward
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
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| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $19,000 | $13,950 | $11,900 | $0 |
=Total mortgage | $494,000 | $463,950 | $436,900 | $400,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,412monthly | $2,265monthly | $2,133monthly | $1,953monthly |
Land Transfer Tax
$6,475
$6,475
Around this home
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