1200 10TH Street, Hanover, ON
Property Highlights
Welcome to this remarkable land 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 $1,500,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 495 x 907 ft lot size
- Efficient unknown heating
Description
Commercial acreage consisting of 17.6 acres +/-. Conveniently located on highway 4 on the east edge of Hanover, right next to Walmart. The main part of this property, just under 11 acres is currently zoned C3 which allows for many different Large Format Commercial businesses. Remaining land is protected. Gas and Hydro are at the lot line, while Water is just down the road a short distance.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1200 10TH Street, Hanover, ON N4N 3B8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hanover, ON
For a property listed at $1,500,000 in Hanover, the legal minimum down payment is $300,000 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 $26,475 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 $26,475.
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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.