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.


Property

Website:https://www.nestseekers.com/5439641
Address:
Bancroft K0L 1C0
Canada
Ownership: For Sale
Type: Land

Financials

Price:C9,890,000
($7,233,200)
(€6,177,900)
Annual Taxes:C31,491.37

Description

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.

Contact

505 Park Ave, New York, NY 10022