705B 25th Avenue, Hanover, ON

$689,900
MLS#:X8462554
3 beds
3 baths
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow semi-detached located in the coveted neighborhood of Hanover. Expertly crafted featuring premium stone construction, this residence presents an exceptional opportunity offered at $689,900 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.

  • 3 Bedrooms and 3 Bathrooms
  • Premium 36.69 x 151.03 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Air Exchanger, Auto Garage Door Remote, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Custom built (2021) craftsman style, semi-detached bungalow, by reputable & local builder, Whaling Construction. Quality finishes with tasteful design & aesthetics throughout. Tucked away in a desirable & mature neighborhood, you'll feel like you're completely removed from the hustle & bustle, yet the many shops, restaurants & amenities that the vibrant town of Hanover has to offer are a short walk or drive away. This well-appointed home has been meticulously maintained, is neat as a pin, offers very attractive curb appeal & is move-in ready. Interior features include hardwood floors, pot lights, quartz countertops, 2 gas fireplaces with shiplap accent surround, an absolutely stunning kitchen with no expense spared, primary suite with spa-like ensuite & walk-in closet, finished lower level with a third bedroom, 3pc bath & a very spacious & versatile open-concept space. The exterior features an oversized double-wide concrete driveway with space for four cars, a one & a half car garage, beautiful gardens, covered front & back porch, composite decking with a gas BBQ line hookup, extended back deck, privacy fence, hot tub on concrete pad, rock feature with additional gardens, trees & plenty of space for the green thumb to keep busy. Whether you're having your morning coffee on the front porch enjoying the views of this charming little enclave surrounding you or enjoying a glass of wine in the evening admiring the landscaped yard, you'll love the lifestyle this home offers.

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Property Summary

This detached home located at 705B 25th Avenue, Hanover is currently for sale and has been available on SousaSells for 756 days. This property is listed at $689,900 with an estimated mortgage of $2,296* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 705B 25th 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
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 23, 2024
Sold price information is available to members only
Listed Date6/20/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural StyleBungalow
ConstructionStone
BasementFinished
Lot Size36.69 × 151.03 Feet
CountyGrey County
Annual Tax$4,263.56
Legal DescriptionPart Lot 29, Plan 16M56, Being Part 2 on Plan16R11573

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Park, Rec./Commun.Centre, School, Library, Place Of Worship

Interior Features

Air Exchanger, Auto Garage Door Remote, Carpet Free, Central Vacuum, Primary Bedroom - Main Floor, Storage, Water Heater Owned

Security Features

Community Features

Location

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705B 25th 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 705B 25th Avenue, Hanover, ON N4N 0B7

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$206,970 (30.0%)
* Minimum Canadian down payment required for this price is $43,990.
Amortization Period30 Years
Estimated Monthly Payment$2,296Based on a loan of $482,930 over 30 years.
Purchase Price$689,900
Loan Amount$482,930
Provincial Land Transfer Tax:$10,273
Total Estimated Closing Taxes:$10,273

About Purchasing a Home in Hanover, ON

For a property listed at $689,900 in Hanover, the legal minimum down payment is $43,990 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 $10,273 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 $10,273.

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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.