119 Gaffney Lake Lane, Bancroft

Name: 119 Gaffney Lake Lane
SKU: X13223650
Price: 635000 CAD
Availability: InStock

2 Bed, 1 Bath Detached Home in Bancroft

About 119 Gaffney Lake Lane

Your own private waterfront retreat on beautiful Gaffney Lake! A peaceful no-motor lake just 10 minutes from town. Custom built and lovingly maintained by the original owners, this year-round home offers the perfect blend of comfort, privacy, and natural beauty. Featuring 2 bedrooms, 1 full bathroom, and a fully finished walkout basement, the home is designed to maximize both space and stunning lake views. The bright open-concept layout is ideal for entertaining, while the updated kitchen and modern appliances make everyday living a pleasure. Main floor laundry adds convenience, and year-round comfort is ensured with a propane furnace, central air conditioning, drilled well, septic system, and durable metal roof. Step outside to the expansive wraparound covered balcony and take in the tranquil waterfront setting. Watch bass spawn along the shoreline in the spring, enjoy a refreshing swim from the floating raft, or simply relax and listen to the sounds of nature. The beautifully landscaped property is surrounded by established perennial gardens, creating a private and picturesque setting that feels miles away from it all. Located on a quiet private road, this exceptional waterfront property offers the peaceful lifestyle you've been dreaming of, whether as a full-time residence or a weekend escape. Family-friendly, serene, and surrounded by nature, Gaffney Lake is a hidden gem waiting to be discovered.

2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $907 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 119 Gaffney Lake Lane

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow-Raised
Living space: 700-1100 sq ftas stated on the listing
Parking: 5 spaces
Basement: Finished with Walk-Out

Features & systems

Parking & garage

Parking spaces: 5

Interior

Basement: Finished with Walk-Out

Lot & land

Lot size (sqft): 1.22

Listing & possession

Property style: Bungalow-Raised
Property class: Detached

119 Gaffney Lake Lane Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13223650−$30,000 (4.5%)$635,000
Jun 1, 2026For saleListedThis listingMLS® X13223650$665,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 119 Gaffney Lake Lane Compares to the Bancroft Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 48 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Bancroft market, last 90 days

Median sold price: $405,000
Average sold price: $431,727
Average days on market: 69
Homes sold: 22

Closed sales on the TRREB MLS®.

Full Bancroft market report

Market pulse · Bancroft

Bancroft market

Median sold price$405,000Last 90 days
Average days on market69Homes sold in about 69 days on average.
Sale-to-list ratio93.9%On average, homes sold below asking.
Active listings60Homes for sale here right now.
Median vs prior 90 days+5.2%Compared with May 11 – Aug 9, 2026: prices up.

Based on 22 sales from Aug 9 – Nov 7, 2026 (31 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Bancroft

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home119 Gaffney Lake Lane 2 bd · 1 ba · 700 sqft	$635,000asking	$907	—	—
158 Bridge Street 3 bd · 2 ba · 1,500 sqft
25350F Hwy 62 South N/A 2 bd · 2 ba · 1,500 sqft
27607 Hwy 62 Highway 2 bd · 2 ba · 700 sqft
310 Hastings Street 3 bd · 1 ba · 700 sqft
67 Maxwell Settlement Road 2 bd · 2 ba · 700 sqft
443 Holland Lake Road 3 bd · 3 ba · 1,500 sqft

158 Bridge Street
3 bd · 2 ba · 1,500 sqft
25350F Hwy 62 South N/A
2 bd · 2 ba · 1,500 sqft
27607 Hwy 62 Highway
2 bd · 2 ba · 700 sqft
310 Hastings Street
3 bd · 1 ba · 700 sqft
67 Maxwell Settlement Road
2 bd · 2 ba · 700 sqft
443 Holland Lake Road
3 bd · 3 ba · 1,500 sqft

Living in Bancroft: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

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How long is your commute?

From 119 Gaffney Lake Lane. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 119 Gaffney Lake Lane

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,120; 20% down · 25 years · 5.5% assumed
Property tax: $349; 0.66% mill rate · ON
Total per month: $3,469; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,120

/mo

based on the purchase price of $635,000

Down payment20%

$127,000 cash

Amortization25 yr

$508,000 financed

Rate5.50%

$427,869 total interest

Principal54%$508,000

Interest46%$427,869

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Questions About 119 Gaffney Lake Lane

How much is 119 Gaffney Lake Lane listed for?

119 Gaffney Lake Lane is listed at $635,000 (MLS® X13223650). Summitly updates the price as soon as the MLS® record changes.

Is $635,000 a good price for 119 Gaffney Lake Lane?

Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Bancroft. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 119 Gaffney Lake Lane changed?

Yes — it was first listed at $665,000 and is now $635,000, a drop of $30,000 (4.5%).

How many bedrooms and bathrooms does 119 Gaffney Lake Lane have?

119 Gaffney Lake Lane has 2 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Bancroft.

How much would the monthly mortgage be on 119 Gaffney Lake Lane?

About $3,120 a month — principal and interest on $635,000 with 20% down ($127,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 119 Gaffney Lake Lane compare with other homes in Bancroft?

Its asking price of $635,000 is about 57% above the median sold price in Bancroft over the last 90 days, $405,000, across 22 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 119 Gaffney Lake Lane been sold before?

Summitly has no earlier MLS® sale or lease of 119 Gaffney Lake Lane on record from the last two years. Older records aren't shown under TRREB rules.

Where is 119 Gaffney Lake Lane?

119 Gaffney Lake Lane is in Bancroft, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 119 Gaffney Lake Lane been on the market?

159 days — 119 Gaffney Lake Lane was listed on June 1, 2026.

What is the price per square foot of 119 Gaffney Lake Lane?

About $577 to $907 per square foot: the asking price of $635,000 over the 700–1,100 sq ft the listing gives as its size range.

Does 119 Gaffney Lake Lane have parking or a garage?

Yes — the listing gives 5 parking spaces.

Does 119 Gaffney Lake Lane have a basement, and is it finished?

The listing describes the basement as: Finished with Walk-Out.

What you should know

2 Bed, 1 Bath Detached Home in Bancroft

About 119 Gaffney Lake Lane

Inside 119 Gaffney Lake Lane

Features & systems

119 Gaffney Lake Lane Price & Sale History

How 119 Gaffney Lake Lane Compares to the Bancroft Market

Bancroft market, last 90 days

Recently sold nearby in Bancroft

Living in Bancroft: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 119 Gaffney Lake Lane

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Gaffney Lake Lane? See what yours is worth

Zara, any time

A licensed local agent

See 119 Gaffney Lake Lane, Bancroft in person

Similar homes for sale nearby in Bancroft

Explore More Detached Homes in Bancroft

2 Bed, 1 Bath Detached Home in Bancroft

About 119 Gaffney Lake Lane

Inside 119 Gaffney Lake Lane

Features & systems

119 Gaffney Lake Lane Price & Sale History

How 119 Gaffney Lake Lane Compares to the Bancroft Market

Bancroft market, last 90 days

Market pulse · Bancroft

Recently sold nearby in Bancroft

Living in Bancroft: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 119 Gaffney Lake Lane

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Gaffney Lake Lane? See what yours is worth

Zara, any time

A licensed local agent

See 119 Gaffney Lake Lane, Bancroft in person

Questions About 119 Gaffney Lake Lane

How much is 119 Gaffney Lake Lane listed for?

Is $635,000 a good price for 119 Gaffney Lake Lane?

Has the price of 119 Gaffney Lake Lane changed?

How many bedrooms and bathrooms does 119 Gaffney Lake Lane have?

How much would the monthly mortgage be on 119 Gaffney Lake Lane?

How does 119 Gaffney Lake Lane compare with other homes in Bancroft?

Has 119 Gaffney Lake Lane been sold before?

Where is 119 Gaffney Lake Lane?

How long has 119 Gaffney Lake Lane been on the market?

What is the price per square foot of 119 Gaffney Lake Lane?

Does 119 Gaffney Lake Lane have parking or a garage?

Does 119 Gaffney Lake Lane have a basement, and is it finished?

Similar homes for sale nearby in Bancroft

Explore More Detached Homes in Bancroft

Market pulse · Bancroft

Questions About 119 Gaffney Lake Lane

How much is 119 Gaffney Lake Lane listed for?

Is $635,000 a good price for 119 Gaffney Lake Lane?

Has the price of 119 Gaffney Lake Lane changed?

How many bedrooms and bathrooms does 119 Gaffney Lake Lane have?

How much would the monthly mortgage be on 119 Gaffney Lake Lane?

How does 119 Gaffney Lake Lane compare with other homes in Bancroft?

Has 119 Gaffney Lake Lane been sold before?

Where is 119 Gaffney Lake Lane?

How long has 119 Gaffney Lake Lane been on the market?

What is the price per square foot of 119 Gaffney Lake Lane?

Does 119 Gaffney Lake Lane have parking or a garage?

Does 119 Gaffney Lake Lane have a basement, and is it finished?