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33 Newkirk Blvd 0.49 Acres of Residential Land Offered at $299,000 CAD in Bancroft, ON K0L 1C0
Investment Highlights
- Pricing the development pencils out
Executive Summary
Investment highlights
• Fully entitled & de-risked — rezoned to R3-13(h); the by-law is in force and no appeals were filed.
• Shovel-ready concept — architectural site plan supports 8 townhouse units; site-specific relief for lot area, frontage and density already secured.
• Survey-ready — deposited reference plan (21R-27030) and a topographic survey are available for due diligence.
• Flexible product — R3-13(h) also permits triplex, fourplex and low-rise apartment forms within the approved envelope.
• Built-in demand — abutting 76-unit retirement residence under development, plus a regional housing shortage and aging population supporting rental and staff-housing absorption.
• Strong in-town location — walkable to the Bancroft core, at the Highway 28 / 62 hub of North Hastings County.
• Scarce asset — entitled multi-residential land rarely comes to market in Bancroft; most available land is raw and unzoned.
The offering at a glance
Address Newkirk Boulevard, Town of Bancroft (Part 1)
Asking price $299,000
Site area ±0.49 acres • ±1,999 m² • ±0.200 ha
Frontage ±42.29 m (±138.7 ft) on Newkirk Boulevard
Zoning R3-13(h) Multiple Residential — in force (no appeals)
Permitted uses Triplex, fourplex, townhouse, low-rise apartment
Approved concept 8 townhouse units
Legal description Part 1, Plan 21R-27030 (part of Block A, Registered Plan 1133)
What is included Part 1 only — the Vendor retains the abutting Part 2 (retirement residence)
Property Facts
| Price | $299,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.49 AC |
| Property Type | Land | ||
| Zoning | R3-13(h) - Multiple Residential | ||
| Price | $299,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.49 AC |
| Zoning | R3-13(h) - Multiple Residential |
1 Lot Available
Lot
| Price | $299,000 CAD | Lot Size | 0.49 AC |
| Price Per AC | $610,204.08 CAD |
| Price | $299,000 CAD |
| Price Per AC | $610,204.08 CAD |
| Lot Size | 0.49 AC |
CB Metropolitan Commercial Realty Inc. is pleased to offer for sale Part 1 of Plan 21R-27030 — a fully entitled, surveyed multi-residential development parcel of approximately 0.49 acres (±1,999 m²) fronting 42.29 metres (±138.7 ft) on Newkirk Blvd.
Description
Site summary Location Newkirk Boulevard, Town of Bancroft (parent address 33 Newkirk Boulevard) Legal description Part 1, Plan 21R-27030, being part of Block A, Registered Plan No. 1133, Geographic Township of Faraday, Town of Bancroft, County of Hastings PIN Part of 40072-0084 (LT) Lot area ±0.200 ha • ±1,999 m² • ±0.49 acres Frontage (Newkirk Blvd) ±42.287 m (±138.7 ft) Configuration Irregular (5-sided) parcel; road frontage to the south on Newkirk Boulevard Topography Generally sloping; full topographic survey available for review Surveys available Topographic survey (2022) and reference plan 21R-27030 (deposited Sept 11, 2025) Servicing In-town location; purchaser to confirm municipal water / sanitary availability and capacity with the Town Adjacent use Abutting 76-unit retirement residence (Part 2) under development by the Vendor — not part of this sale Surrounding context Established residential neighbourhood; walking distance to the Bancroft town core and Hastings Street
Presented by
33 Newkirk Blvd
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