389 7th Street, Hanover, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Hanover. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $435,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 68 x 70 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Sump Pump
- Efficient forced air heating via gas
Description
Welcome to 389 7th Street in Hanover! This charming 2-bedroom, 2-bathroom red brick bungalow is centrally located in the heart of town and situated on a manageable, low-maintenance lot-making it the perfect place to start your homeownership journey. Warm, welcoming, and full of potential, this home offers a functional layout with spacious principal rooms designed for comfortable everyday living. The bright, inviting living room is ideal for relaxing or hosting family and friends, while the kitchen features a cozy dining nook for casual meals and morning coffee. Just off the kitchen, the sun-filled sunroom provides additional living space with patio doors leading to the rear deck, creating the perfect spot for summer BBQs, outdoor dining, or simply unwinding after a long day. The finished lower level expands your living space with a comfortable rec room or den featuring a cozy gas fireplace, a bar area that's perfect for entertaining, a tucked-away laundry room, and an abundance of storage to keep everything organized. The attached garage, complete with an attached shed/workshop, offers excellent space for parking, hobbies, tools, or seasonal storage. Whether you're a first-time home buyer looking for an affordable place to call your own, a young family searching for room to grow, or someone looking to downsize without sacrificing comfort, this well-maintained bungalow checks all the boxes. Located close to schools, parks, shopping, restaurants, and all the amenities Hanover has to offer, you'll enjoy the convenience of small-town living with everything you need just minutes away. Move in and make it your own-this is a wonderful opportunity to build equity and create lasting memories in a home that's ready for its next chapter. Don't miss your chance to own this fantastic property. Call your REALTOR today to book your private showing!
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Sump Pump
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Pricing & Value Insights
Data-driven valuation for 389 7th Street, Hanover, ON N4N 1H3
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About Purchasing a Home in Hanover, ON
For a property listed at $435,000 in Hanover, the legal minimum down payment is $21,750 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,175 for this transaction. As this listing is in Hanover (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,175.
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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.