213 5TH Avenue, Hanover, ON

$519,000
MLS#:X10847059
3 beds
2 baths
1500-2000 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Hanover. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $519,000 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 1500-2000 sqft on a premium 69.78 x 143.94 ft lot
  • Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Step into a home where everything just feels right. Sunlight streams through the large windows, filling the living room with a sense of ease and warmth. The kitchen, newly outfitted with appliances, is more than a place to cook—it’s where your day starts and conversations happen over morning coffee. Upstairs, three inviting bedrooms offer the perfect balance of comfort and simplicity, while downstairs, a flexible bonus room is ready for whatever you need—whether it’s a rec room, a creative space, another bedroom or just a place to unwind. This home has been thoughtfully upgraded in 2024 from top to bottom. New tubs, vanities, toilets, a furnace, and windows ensure that everything is in place so you can focus on living. Outside, a 23ft x 9.5ft. shed gives you all the extra space you could need for hobbies or storage. And it’s all set in a friendly neighborhood, with groceries, restaurants, the hospital, arena, and indoor pool just a short walk away. Everything you need is close, making life a little easier. This is a home designed to move right into and start making memories.

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Property Summary

This detached home located at 213 5TH Avenue, Hanover is currently for sale and has been available on SousaSells for 654 days. This property is listed at $519,000 with an estimated mortgage of $1,728* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 213 5TH Avenue, 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
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date9/30/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionBrick
BasementSeparate Entrance, Finished
Lot Size69.78 × 143.94 Acres
CountyGrey County
Annual Tax$2,328.32
Legal DescriptionLT 87 PL 800 HANOVER; HANOVER

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Hospital

Interior Features

Security Features

Community Features

Location

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213 5TH Avenue, 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 213 5TH Avenue, Hanover, ON N4N 2C3

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.

Market Trend
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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$155,700 (30.0%)
* Minimum Canadian down payment required for this price is $26,900.
Amortization Period30 Years
Estimated Monthly Payment$1,728Based on a loan of $363,300 over 30 years.
Purchase Price$519,000
Loan Amount$363,300
Provincial Land Transfer Tax:$6,855
Total Estimated Closing Taxes:$6,855

About Purchasing a Home in Hanover, ON

For a property listed at $519,000 in Hanover, the legal minimum down payment is $26,900 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 $6,855 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 $6,855.

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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.