475 5th Street, Hanover, ON
Property no longer active
This property was sold on November 7, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Hanover. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $425,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 60 x 126.52 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcoming Brick Bungalow in Hanover. You will find this lovely all-brick home sits on a quiet street tucked away in a neighbourhood of spacious lots, just a short walk to schools, the hospital, casino, and local shops. This is a wonderful spot for families or retirees looking for comfort and convenience in a friendly neighbourhood. The property offers plenty of great features, including a concrete driveway, a massive carport with drive-through RV parking, (very likely a fun project to convert to a closed in garage) also fully fenced backyard for children or pets to play safely. A large entertainging privacy deck and hot tub finish the back yard . A cozy screened-in space beside the shed with hydro makes, the perfect spot for hobbies, gardening, or simply relaxing outdoors. Inside, the home is solid and well cared for, with lots of potential to make it your own with a few updates and finishes. New Clera windows along the front (2022). The basement features a kitchen area that could be finished into a comfortable in-law suite or rental for extra income. Currently 3 bedrooms on the main floor, one is being used as a den with walkout to the backyard. At nearly 1200' this layout functions well for a variety of needs. Bathrooms could use some updating; the mainfloor bath (materials included) needs finished. Add your personal touch, enjoy this space, and make this lovely location your welcoming, versatile home in a peaceful and convenient location -ready for your next chapter.
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Property Summary
This detached home located at 475 5th Street, Hanover is currently for sale and has been available on SousaSells for 333 days. This property is listed at $425,000 with an estimated mortgage of $1,415* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 475 5th Street, Hanover is in the Hanover neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 475 5th Street, Hanover, ON N4N 3H3
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 $425,000 in Hanover, the legal minimum down payment is $21,250 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 $4,975 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 $4,975.
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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.