540 10th Avenue, Hanover, ON

$624,900
MLS#:X12996022
8 beds
1 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] commercial retail located in the coveted neighborhood of Hanover. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $624,900 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.

  • 8 Bedrooms and 1 Bathroom with 2 functional kitchens
  • Premium 66 x 165 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient double detached garage included
  • equipped with ["yes"] central cooling and highly efficient gas forced air closed heating

Where History Meets Opportunity! Are you a couple dreaming of earning an excellent income from your own established short-term accommodations business while enjoying the charm of small-town living? This remarkable Hanover property offers the best of both worlds. Built in 1906 as a church parsonage, this distinguished home carries more than a century of history while embracing todays versatility. With over 3,300 sq. ft. above grade, the residence provides abundant space for family life, business, or both. Currently operating successfully as a Guest House, the property benefits from C1 zoning, allowing a wide range of uses such as retail, professional office, wellness clinic, or personal services. Inside, you'll find 8 bedrooms, 2 kitchens, and a bathroom on each of the four fully finished floors perfect for multi-generational living, income opportunities, or hosting guests. The sunlit deck is ideal for morning coffees and evening reflections, while the enclosed front porch doubles as a welcoming storefront or retail space. A double-car detached garage with attached workshop adds practicality for hobbies or business needs. Step outside and you're immersed in Hanover's small-town spirit. Walk to downtown shops, local restaurants, and cultural attractions like the Civic Theater, The Giddy Goblin, and Playtime Casino, all just a short stroll away. The community's warmth, paired with ample on-site parking, makes this property as functional as it is inviting. This is more than a home, its a canvas for your vision. Whether you're seeking a character-filled family residence, a thriving business venture, or a seamless blend of both, 540 10th Avenue adapts to your aspirations. Seize the opportunity to write the next chapter in this homes storied legacy. Floor plans attached.

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Key Features

Bedrooms
8
Bathrooms
1
Kitchens
2
Property Type
Commercial

Additional Details

StatusActive
Listed Date4/14/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommercial Retail
Lot Size66 × 165 Feet
CountyGrey County
Annual Tax$5,401
Legal DescriptionPT LT 17 W/S VICTORIA ST PL701HANOVER PT1; 17R1388

Parking & Garage

Garage Spaces5
Garage TypeDouble Detached

Heating & Cooling

Heat TypeGas Forced Air Closed
Cooling["Yes"]

Features

Property Features

Community Features

Major Highway, Public Transit

Location

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540 10th Avenue, Hanover, 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 540 10th Avenue, Hanover, ON N4N 2P4

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$499,920
Monthly Mortgage$2,905
Property Tax (Est.)$450
Utilities & Maint.$350
Total Monthly Cost$3,705

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 Hanover.

City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$579,578

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

Holy Family
Public334 10th Avenue, Hanover, Ontario, N4N 2N5
6.2
Hanover Heights
Public524 13th Street, Hanover, Ontario, N4N 1Y4
4.7
Dawnview
Public149 12th Avenue, Hanover, Ontario, N4N 2S8
6.7

Secondary Schools

John Diefenbaker
Public181 7th Street, Hanover, Ontario, N4N 1G7
6.0

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.