83 7th Street, Hanover, ON

$374,900
MLS#:X11931218
4 beds
1 baths
1500-2000 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 7, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Hanover. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $374,900 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 1 Bathroom
  • Generous living space spanning 1500-2000 sqft on a premium 52 x 117 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient carport configuration
  • Notable attributes: Guest Accommodations, Garburator
  • Efficient forced air heating via gas

Description

Discover this 4-bedroom home nestled on a picturesque ravine lot, just a short stroll from the river trails and downtown, an ideal setting for family living. There is a spacious living room and bright eat-in kitchen, bathed in natural light from the windows and sliding door, showcasing views of the expansive backyard and forest. With original wood flooring and trim, this home is brimming with character, ready for your personal touch and decor upgrades. Lower level with large workshop, storage room and utility room including laundry. Attic with lots of storage room. Additional features include a carport, electric car charging station, paved driveway, poured foundation, appliance package and a handy garden shed. Don't miss the opportunity to make this affordable and spacious home your own!

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Property Summary

This detached home located at 83 7th Street, Hanover is currently for sale and has been available on SousaSells for 542 days. This property is listed at $374,900 with an estimated mortgage of $1,248* per month. It has 4 beds, 1 bathroom, and is 1500-2000 square feet. 83 7th Street, Hanover is in the Hanover neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
1
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 7, 2025
Sold price information is available to members only
Listed Date1/20/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementUnfinished
Lot Size52 × 117 Feet
CountyGrey County
Annual Tax$2,404.31
Legal DescriptionLT 13 PL 790 HANOVER; HANOVER

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeCarport

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

River/Stream, Wooded/Treed

Interior Features

Guest Accommodations, Garburator

Security Features

Community Features

Location

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83 7th Street, 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 83 7th Street, Hanover, ON N4N 1G3

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.

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Interest Rate4.00%
Down Payment$112,470 (30.0%)
* Minimum Canadian down payment required for this price is $18,745.
Amortization Period30 Years
Estimated Monthly Payment$1,248Based on a loan of $262,430 over 30 years.
Purchase Price$374,900
Loan Amount$262,430
Provincial Land Transfer Tax:$4,099
Total Estimated Closing Taxes:$4,099

About Purchasing a Home in Hanover, ON

For a property listed at $374,900 in Hanover, the legal minimum down payment is $18,745 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 $4,099 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 $4,099.

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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.