256 Trout Lake Rd
Bancroft, K0L 1C0
FOR SALE
$499,000
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Property Description
Looking for Waterfront View? Look No further! Surrounded by 2.45 acres of forest, field & with an incredible lake view. Imagine waking up every morning to the serene beauty of the water, watching the sunset paint the sky in vibrant colors and enjoying a peaceful evening with nothing but nature as your backdrop, or walk across the rd, onto the dock and into the boat for an early morning fishing excursion. While this home may need work, the potential is undeniable. Whether you're looking to renovate the existing structure or build your dream home, this property is ready for your vision.This may be your opportunity to invest in a property that will increase in value and is positioned to be an excellent long-term investment. Rd is maintained yr round and is a school bus route. The quaint town of Bancroft, just minutes north, has all your amenities.
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Extras
2.45 Acres of open field and forest. Views of Riddle Lake. Shed and Bunkie. Press virtual tour tab to view drone video of property.
Property Features
Lake/Pond
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Property Details
Street
City
Property Type
Detached, 1 1/2 Storey
Acreage
2-4.99
Fronting
North
Taxes
$2,145 (2024)
Basement
Other
Exterior
Insulbrick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
None
Water
Well
Parking Spaces
4
Driveway
Private
Garage Type
None
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Bancroft Market Statistics
Bancroft Price Trend
256 Trout Lake Rd is a 3-bedroom 1-bathroom home listed for sale at $499,000, which is $49,000 (10.9%) higher than the average sold price of $450,000 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 3 bedroom home in Bancroft increased by $39,000 (9.5%) compared to the previous 30 day period (October 18 - November 16) and down $100,000 (18.2%) from the same time one year ago.Inventory Change
There were 6 3-bedroom homes listed in Bancroft over the last 30 days (November 17 - December 16), which is down 0.0% compared with the previous 30 day period (October 18 - November 16) and down 14.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Bancroft typically sold ($39,000) (8.7%) below asking price over the last 30 days (November 17 - December 16), which represents a $26,240 decrease compared to the previous 30 day period (October 18 - November 16) and ($43,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Bancroft over the last 30 days (November 17 - December 16) stood at 100.0%, up from 83.3% over the previous 30 days (October 18 - November 16) and up from 71.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Bancroft stood at 79 days when successfully sold over the last 30 days (November 17 - December 16), compared to 145 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Heritage Realty Ltd
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