699 16th Street, Hanover, ON
Property no longer active
This property was sold on June 12, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Hanover. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $559,900 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.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 55 x 100.02 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, Floor Drain, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located on a quiet street in a desirable neighborhood, this well-maintained raised brick bungalow blends comfort and convenience and close to many amenities. The main floor features a spacious, modern kitchen and dining area with garden doors to the deck and yard (plus a one-year-old appliance package), a bright living room providing ample space for gatherings, three generously sized bedrooms, and a full bath with a jet tub and tiled walk-in shower. The lower level includes a versatile recreational room with a gas stove (approx. 6 yrs. old), a fourth bedroom (currently a gym), a three-piece bath, and a laundry/utility room. Energy-efficient heating and cooling systems include a four-year-old furnace and a three-year-old heat pump. The lower level was recently updated with new sprayed foamed insulation, drywall, paint, flooring, and electrical upgrades, and offers direct access to an extra deep garage. The two-tiered composite deck provides a space for relaxation and leisure and natural gas is available for your BBQ. The fully fenced yard provides a safe haven for kids and pets. A 2022 energy audit led to significant efficiency upgrades, including blown insulation in the attic, new basement-level windows, new garage man door and front door, enhancing comfort and reducing energy costs. This appealing home and welcoming neighborhood are ideal for young families to cherish for years to come.
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Property Summary
This detached home located at 699 16th Street, Hanover is currently for sale and has been available on SousaSells for 431 days. This property is listed at $559,900 with an estimated mortgage of $1,864* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 699 16th Street, Hanover is in the Hanover neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Library, Park, River/Stream, School, Rec./Commun.Centre, Hospital
Interior Features
Carpet Free, Floor Drain, Storage, Upgraded Insulation, Water Heater Owned, Water Softener
Security Features
Community Features
Location
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 699 16th Street, Hanover, ON N4N 3N2
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 $559,900 in Hanover, the legal minimum down payment is $30,990 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 $7,673 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 $7,673.
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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.