142 7th Street, Hanover, ON

$475,000
MLS#:X12117564
3 beds
2 baths
1100-1500 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on June 20, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Hanover. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $475,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 40.35 x 120.18 ft lot
  • Features a unfinished, full 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: Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Looking for a move-in-ready home that's just the right size? This adorable 3-bedroom, 1.5-bath home in Hanover checks all the boxes. A bright living room warmed by a cozy gas fireplace sets the tone, surrounded by built-in shelving that adds both charm & function. The separate dining room is perfect for hosting family dinners or casual get-togethers. The kitchen is quaint & cozy, best suited for one chef at a time, which is the perfect excuse to stay out of the way while someone else gets dinner ready. It works perfectly as it is, but if you ever dream of a new kitchen, there's potential to make it your own when you're ready. There's a handy 2-piece bathroom on the main level, perfect for guests or to avoid the dash upstairs. Upstairs, you'll find 3 bedrooms, including 2 over the main living area, each with two windows that let the light pour in. The primary bedroom is a great size with multiple closets for clothes & extra storage, & the full bathroom has been recently updated, so it's ready to go. The third bedroom is tucked above the garage, an ideal retreat for a teen or anyone looking for a little extra privacy. A full, unfinished basement gives you flexibility to grow, with space for storage, laundry, & efficient natural gas heating. Need another room, a hobby space, or a home gym? There's space to make it happen. The attached single-car garage leads into a convenient side entrance & also opens directly to the fully fenced backyard, a lovely outdoor space that's perfect for kids or four-legged family members. There's even a patio area that makes it easy to relax or entertain outdoors. This home is perfect for first-time buyers or those looking to downsize without giving up the extras that matter. Many recent repairs & updates include: eavestrough & downspouts, cement bbq area, garage door, front door and exterior lighting, natural gas furnace, a/c & gas fireplace maintenance for year-round comfort, bathroom updates, some flooring, dishwasher & kitchen tap.

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Property Summary

This detached home located at 142 7th Street, Hanover is currently for sale and has been available on SousaSells for 442 days. This property is listed at $475,000 with an estimated mortgage of $1,581* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 142 7th Street, Hanover is in the Hanover neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 20, 2025
Sold price information is available to members only
Listed Date5/1/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionBrick, Aluminum Siding
BasementUnfinished, Full
Lot Size40.35 × 120.18 Feet
CountyGrey County
Annual Tax$2,853.11
Legal DescriptionLT 1 PL 790 HANOVER; HANOVER

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned

Security Features

Community Features

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Location

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142 7th 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 142 7th Street, Hanover, ON N4N 1G4

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Hanover.

Configure Loan Settings

Interest Rate4.00%
Down Payment$142,500 (30.0%)
* Minimum Canadian down payment required for this price is $23,750.
Amortization Period30 Years
Estimated Monthly Payment$1,581Based on a loan of $332,500 over 30 years.
Purchase Price$475,000
Loan Amount$332,500
Provincial Land Transfer Tax:$5,975
Total Estimated Closing Taxes:$5,975

About Purchasing a Home in Hanover, ON

For a property listed at $475,000 in Hanover, the legal minimum down payment is $23,750 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 $5,975 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 $5,975.

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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$601,500

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
Dawnview
Public149 12th Avenue, Hanover, Ontario, N4N 2S8
6.7
Hanover Heights
Public524 13th Street, Hanover, Ontario, N4N 1Y4
4.7

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.