581 7TH Avenue, Hanover, ON
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Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of Hanover. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $349,000 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.
- 2 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 66 x 145 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- Ample parking with 1.0 garage spaces (3.0 total parking spaces) with a convenient attached configuration
- Notable attributes: Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor
- equipped with window unit(s) central cooling and highly efficient water heating via gas
Description
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Looking to expand your investment portfolio? This solid, brick two-storey offers options-it is currently configured as a duplex (one unit will be vacant end of April) but could easily be converted back to a single-family residence with the removal of one hallway wall. Upgrades include a durable Superior Steel Roof (2021-with 50 year warranty), upper deck redone (2025), Bradford natural gas power vent water heater (2021), windows (approx 2020), upstairs unit -paint, bathroom sink and toilet (2025). The main floor and upper units are both rented on a month-to-month basis with upstairs tenant leaving end of April, offering flexibility for owner occupancy. The main floor tenant is very good and takes care of lawn maintenance, gardens, and snow removal.This unit offers a living room, eat-in kitchen, bedroom, bathroom, office, and a storage room with access to the basment and attached garage/shed. This unit could use decor updates. Upstairs, you'll find a bright and welcoming unit with a living room, bedroom, hall closet/workspace, bathroom, and a sunny kitchen with access to a private deck. Heated by natural gas hot water boiler. Outside, enjoy a spacious backyard with mature trees, partially fenced, covered front porch, two storage sheds and parking for 3 cars. Walking distance to the downtown. Good rate of return at 6.5%. See summer photos.
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Property Summary
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This duplex located at 581 7TH Avenue, Hanover is currently for sale and has been available for 240 days. This property is listed at $349,000 with an estimated mortgage of $1,162* per month. It has 2 beds, 2 bathrooms, and is 1500-2000 square feet. 581 7TH Avenue, Hanover is in the Hanover neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Hanover, Hanover.
- •2 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
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Additional Details
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Property Details
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Parking & Garage
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Heating & Cooling
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Features
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Property Features
None listed
Interior Features
- Accessory Apartment
- In-Law Capability
- Primary Bedroom - Main Floor
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Property History
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No historical data available for this property.
This could be the first listing for this address.
What is your house worth in Hanover?
This property at 581 7TH Avenue, Hanover, ON has closed. If you own a home on this street or nearby in Hanover, recent market trends and verified sold prices directly determine your home equity.
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Frequently Asked Questions about 581 7TH Avenue, Hanover, ON
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Q.What is the asking price for 581 7TH Avenue, Hanover, ON ?
The current listing price for 581 7TH Avenue, Hanover, ON in Hanover, Hanover is $349,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 2 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 581 7TH Avenue, Hanover, ON ?
581 7TH Avenue, Hanover, ON is a Duplex (1 1/2 Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Window Unit(s).
Location
Neighborhood Safety & Crime Analytics
Hanover, Hanover
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 581 7TH Avenue, Hanover, ON N4N 2J9
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Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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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.
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