Property Description

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. (id:7434)