Development land opportunity on Mill Street in Bancroft, Ontario, offering flexibility for a range of potential uses, including seniors housing, townhomes, hotel, and commercial/retail development. The offering is available for purchase together or separately across three blocks: Block A offered at $1,750,000; Block B offered at $1,600,000; and Block C offered at $6,540,000. Current concept plans contemplate 109 townhomes, a 60-80 room four-storey hotel, an approximately 10,000 SF retail/commercial plaza, and a 77,000+ SF ISL/AL retirement residence. Positioned in close proximity to QHC North Hastings Hospital, the property offers a compelling opportunity to advance a mixed-use development concept with residential, hospitality, and commercial components. Please reach out to Raffaele Guglielmelli (Director, National Seniors Housing Group) for more information at 613-724-9562 or raff.g@marcusmillichap.com.
Address
L57, PL56 Mill Street
List Price
$9,890,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Land
Transaction Type
Sale
Area
Bancroft
Sub-Area
Bancroft Ward
Region
Hastings
Lot Depth
1581
Lot Type
Lot
Lot Size Units
Feet
Lot Width
353
Parcel Number
400700219
Total Building Area
50.439
Occupant Type
Vacant
Cross Street
Mill Street
MLS® Number
X13054842
Listing Brokerage
MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC.
Postal Code
K0L 1C0
Tax Amount
$31,491.37
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Tax Legal Description
Lot 57 and Part of Lot 56 on RCP 2196, Part Lot 1 Concession A, Town of Bancroft, Hastings County
Sewer
None
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