595 1ST Street, Hanover, ON

$9,999,998
MLS#:X13093930
0 beds
0 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] industrial 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 $9,999,998 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 392 x 661 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient unknown garage included
  • equipped with ["unknown"] central cooling and highly efficient unknown heating

Exceptional industrial/commercial opportunity at 595 First Street in Hanover. This impressive multi-unit building offers approximately 48,000 sq. ft. divided into 26 individual units, making it ideal for investors, owner-users, and businesses seeking flexible industrial space in Hanover's growing industrial corridor. Each unit features its own private washroom, separate man door entrance, overhead drive-in door, individually metered hydro and gas services, and open-span layout suitable for warehousing, manufacturing, trades, storage, service businesses, showroom, and industrial-commercial uses. The property is equipped with a powerful 3-phase electrical system designed to support modern industrial operations. Ample on-site parking is available for staff and customers, along with a shared loading dock to support shipping and receiving needs. The flexible design allows users to customize units to suit their business operations while offering excellent leasing potential for investors. A major highlight is the future upside potential. Ownership is currently working on a condominium conversion plan, creating the opportunity for future individual unit sales and additional investment flexibility. Investors can benefit from multi-tenant income while positioning for future resale opportunities, while owner-users can secure long-term space in a rapidly expanding market. Situated on a sizable site with room for future expansion and potential for an additional commercial building, this property offers rare growth potential in one of Ontario's emerging industrial markets. Excellent opportunity to acquire a versatile industrial asset with strong income potential, future condo conversion upside, and long-term value.

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Key Features

0
Property Type
Commercial

Additional Details

StatusActive
Listed Date5/5/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeIndustrial
Lot Size392 × 661 Feet
CountyGrey County
Annual Tax$31,688.79
Legal DescriptionPT LT 7 CON 2 SDR BENTINCK PTS 2 AND 3 16R10457 TOWN OF HANOVER

Parking & Garage

Garage TypeUnknown

Heating & Cooling

Heat TypeUnknown
Cooling["Unknown"]

Features

Property Features

Community Features

Public Transit, Recreation/Community Centre

Location

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595 1ST Street, 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 595 1ST Street, Hanover, ON N4N 3V8

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.

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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.
Financial Audit

Estimated Costs

Loan Amount$7,999,998.4
Monthly Mortgage$46,483
Property Tax (Est.)$2,641
Utilities & Maint.$350
Total Monthly Cost$49,474

Strategic Fiscal Clarity

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