209 10th Street, Hanover, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Hanover. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $399,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 15.9 x 152.4 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient baseboard heating via electric
Description
Income, Location, and Updates!!! Its All Here. A smart addition to any portfolio: Two storey commercial/residential building in a high visibility area. Features include a recently updated commercial space with tenants on leases, a well maintained apartment, and a heated two car garage with hydro. The property generates $3,650 per month, with tenants covering their own utilities, and grosses $43,800 annually. There is a full unfinished basement which could make great storage. The property is low maintenance, its very well taken care of and makes good income. In total there are 3 units rented, 1 commercial unit, 1 residential unit and the garage is rented as well. Call today to arrange a viewing.
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Pricing & Value Insights
Data-driven valuation for 209 10th Street, Hanover, ON N4N 1N8
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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 $399,900 in Hanover, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.
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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.