492 10th Street, Hanover, ON
Property Highlights
Welcome to this remarkable commercial retail 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 $799,900 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 76 x 168 ft lot size
- Convenient other garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Prime commercial building with over 3,700 sq ft of total area, high volume traffic area to maximize your business exposure. Building consists of 2,500 sq ft of retail space & 1,200 sq ft of storage area with 2 bathrooms and 2 offices. Forced air natural gas heating & central air conditioning with full glass walls on front & side of the building. Parking lot at side & rear of the building as well as street parking in front of building.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 492 10th Street, Hanover, ON N4N 1R1
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About Purchasing a Home in Hanover, ON
For a property listed at $799,900 in Hanover, the legal minimum down payment is $54,990 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 $12,473 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 $12,473.
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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.