For Sale

595 1st Street Unit# 595, Hanover, Ontario N4N3V8

$9,990,000

595 1st Street Unit# 595, Hanover, Ontario N4N3V8 is For Sale and has a listing price of 9,990,000. The property is located in the Hanover neighbourhood. It's been on the website for 19 Days.

  • Industrial
    Property Type
  • MLS ID: X9512526
  • Office Name RE/MAX ESCARPMENT REALTY INC.
Property Description

Welcome to a remarkable commercial building in Hanover, Ontario that features 26 separate rental units, each thoughtfully designed with its own bathroom, a man door, and an overhead door. This versatile space is wide open, making it ideal for a variety of business ventures. The building boasts a robust 3-phase electrical system, ensuring it meets the demands of modern enterprises. Each unit is equipped with its own hydro and gas meters, providing tenants with independent utility management. Ample parking is available for both tenants and customers, along with a conveniently shared loading dock for easy deliveries. Additionally, this property presents exciting expansion potential, with room for an additional commercial building. The current owner is actively working on a condo conversion plan, which would allow for the individual sale of each unit in the future. Don’t miss this rare opportunity to invest in a flexible commercial property with significant growth potential. (id:43137)

Property Details
  • MLS ID: X9512526
  • Price: $9,990,000
  • Transaction Types: For Sale
  • Ref ID: 27585229
  • Year Built: N/A
  • Property Type: Industrial
  • Property Type: Commercial
  • Property Sub Category: Industrial
Price History
List Date MLS ID List Price Status End Date Closed Price
10/30/2024 X9769844 $11 For Rent - -
10/24/2024 X9512526 $9,990,000 For Sale - -
10/24/2024 40668367 $9,990,000 For Sale - -
10/24/2024 40668372 $11 For Rent - -
09/30/2024 40646131 $9,990,000 For Sale - -
09/30/2024 40646149 $11 For Rent - -
11/06/2023 X7281286 $10 For Rent - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Hanover
  • $719,785 Average List Price
    based on 1 year
  • 15 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 87.32 % Up
  • Sold (12mo) 19
  • Rented (12mo) 1

  • 1 Month Change -36.7%
  • 3 Month Change -6.4%
  • 6 Month Change -2.6%
Walkscore
  • 40 Walk Score
    Car-Dependent
  • 39 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    85.27%
  • Commercial
    12.09%
  • Condo
    2.17%
  • Land for Sale
    0.47%
Additional Details
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 24/10/2024 00:00:00
  • Zoning R-sd
  • Agent Name: OLIVER GILL
  • Last Updated: 26/10/2024 16:11:14
Open House Dates
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