Address
302 10th Street, Hanover, ON
Price
$ 649,000
Property Attributes
  • ID#40570403
  • TypeCommercial
  • CityHanover
  • AreaHanover
  • NeighbourhoodHanover
  • Postal CodeN4N 1P3
  • StyleMixed,Building and Land
  • Year Built1900
  • Taxes$ 6014
  • Price$ 649,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3000
  • Lot Size0.06 Acres
Data Source:
Ontario Regional (ITSO)
Property Description

Rare & Incredible Opportunity To Own One Of Grey County's Most Beautiful Buildings! This Incredible Building Was Built In The Early 1900s And Has So Much To Offer Any Hungry Investor. With A 8% Annual Cap Rate This Property Would Make A Wonderful Accompaniment To Anyone's Portfolio. This Historic Building Offers 2 Fully Leased Commercial Spaces & A Generous Sized Residential Unit. The Main Commercial Unit Is Currently Leased Long Term To A Popular Cannabis Franchise. The Main Floor Unit Is Simply Stunning With Soaring Vintage Style Tin Ceiling, Oversized Arched Stained Glass Windows & Beautiful Mosaic Tiled Floors. Once Upon A Time This Building Was One Of Largest Banks In Town, Many Of The Bank Vaults Still Remain As A Super Nifty Property Feature. The Lower Unit Is Leased Out To A Wonderful Local Embroidery Shop. Each Commercial Space Has Their Own Private Washroom. The Upper Level Offers A Massive 3 Bedroom Residential Apartment With High Ceilings, Large Windows, A 4-Piece Bath With Laundry, Loads Of Storage Space, A 2Pc Powder Room, Large Eat-In Kitchen, Dining Room & Generous Sized Livingroom. This Building Is In Great Condition & Has Been Well Maintained Over The Years. The Location Is Truly Ideal, Situated On A Busy Corner In Hanover's Thriving Downtown Core.

Price History
4/12/2024 Listed $649,000

General Features

Interior Features High Speed Internet
Sewer Sewer (Municipal)
Utilities Electricity Connected,Street Lights,Phone Connected
Exterior Features Storage
Zoning C1
Construction Materials Stucco
Exclusions Tenants Personal Belongings
Year Built 1900
Electric 400 Amp Service
Property SubType Mixed,Building and Land
County Grey
Insurance Expense 3243
New Construction No
Property Type Commercial Sale
Attached Garage No
Garage Y/N No
Status Active
Directions AT THE CORNER OF 10TH STREET AND 9TH AVENUE
City Hanover
Senior Community Y/N No
MLS Area Hanover
Lot Size Square Feet 2613.6
Waterfront Y/N No
Carport Y/N No
Street Name 10th
Electric Expense 4932
MLS Area Minor Hanover
Virtual Tour https://show.tours/v/Wntv4f8?b=0
Building Area Units Square Feet
Standard Status Active
Virtual Tour https://show.tours/v/Wntv4f8

Interior Features

Basement Partial
Total Stories 2
Air Conditioning Y/N No
Fireplace Y/N No
Street Suffix Street
Electric On Property Y/N Yes
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet

Exterior Features

Parking Features Public,Other
Lot Features Rectangular,City Lot,High Traffic Area
Water Source Municipal
Total Parking 2
Lot Size Area 0.06
Building Area Total 3000
Lot Dimensions 57.19 x 42.37
Lot Size Acres 0.06
Frontage Length 42.37
Frontage Type South
Lot Size Units Acres
Lot Size Source GeoWarehouse
Road Frontage Type Municipal Road,Public Road
Crops Included Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in N4N 1P3

Price
AVG $650K
$650K
Visits
AVG 44
38
Data Provided by Inside Real Estate®
Year Built
AVG 1900
1900

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