7 Faraday Street, Bancroft, ON

$299,000
MLS#:X12115753
2 beds
2 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Bancroft Ward. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $299,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 76 x 66 ft lot
  • Features a ["partially finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Primary Bedroom - Main Floor, Propane Tank
  • equipped with ["central air"] central cooling and highly efficient forced air heating via propane

Welcome to #7 Faraday Street, a cozy and charming bungalow ideally situated on a quiet, dead end residential street in the heart of Beautiful Bancroft. This 2-bedroom, 2-bathroom home offers a perfect opportunity for first time buyers, investors or retirees seeking a peaceful, low-maintenance property with excellent proximity to town amenities. Step inside and discover the inviting, cottage-style ambiance enhanced by a spacious south-facing sunroom, a perfect retreat for morning coffees or relaxing afternoons. The functional floor plan includes a mostly finished basement with laundry and storage, as well as a cold room, and a versatile den that can serve as a home office, guest room or hobby space. An attached single-car garage offers secure parking and additional storage, while a large backyard storage shed provides ample space for tools, recreational gear, or seasonal items. Located just steps from downtown Bancroft, this home ensures effortless access to shopping, dining, healthcare services, and recreational facilities. Explore nearby trails, lakes, and parks, or enjoy the vibrant arts and cultural community that Bancroft is known for. With Bancroft's growing appeal as a year round destination, this home and property represents a strategic investment opportunity, ideal for both personal use and incredible rental potential. We welcome you to experience the comfort, convenience, and charm that this delightful bungalow has to offer.

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 21, 2025
Sold price information is available to members only
Listed Date5/1/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionAluminum Siding
Lot Size76 × 66 Feet
CountyHastings
Annual Tax$2,607.48
Legal DescriptionPT LT 144 PL 411 PT 1& 2 21R9734 S/T QR552079; BANCROFT; COUNTY OF HASTINGS. PIN#400730187

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeAttached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Campground, Fenced Yard, Golf, Hospital, Library, Rec./Commun.Centre

Community Features

Location

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7 Faraday Street, Bancroft, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 7 Faraday Street, Bancroft, ON K0L 1C0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$239,200
Monthly Mortgage$1,390
Property Tax (Est.)$217
Utilities & Maint.$350
Total Monthly Cost$1,957

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Bancroft.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Bancroft Ward, Bancroft.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$433,176

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

North Hastings
Public14 Monck Street, Bancroft, Ontario, K0L 1C0
4.1
Our Lady of Mercy
Public192 Bridge Street West, Bancroft, Ontario, K0L 1C0
8.3

Secondary Schools

North Hastings
Public14 Monck Street, Bancroft, Ontario, K0L 1C0
3.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.