247 12th Street, Hanover, Ontario, N4N1V2




$249,900
Hanover
This retail property in Hanover is for sale. It has been on the market 90 days, fresher than the Hanover average of 116 days.
Beside the Hanover Curling Club and just steps from the heart of downtown, this approximately 78ft x 154ft lot (0.27 Acres) offers a unique opportunity in a growing community where well-located land is becoming harder to find. Zoned C1 Downtown Commercial, the property allows for a wide range of potential uses, including... retail, professional offices, restaurants, fitness or recreational uses, childcare, clinics and more. The zoning also provides opportunities for residential development, including residential units incorporated with commercial uses or larger residential projects, subject to municipal requirements and approvals. Whether you're considering a mixed-use building, commercial space, housing or a completely different idea, this property invites some flexibility. With downtown amenities nearby and an established mix of residential, commercial and community uses surrounding it, the location makes sense for someone looking to build something with a long-term future in Hanover. Bring your plans, your architect and maybe a little imagination. The opportunity is here. (id:66096)
Long Listed: 90 days on market, against an average age of 116 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 73 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Hanover has been listed for 90 days, which is 26 days fresher than the city average of 116. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $249,900, about 3.4× the local median household income of $73,000.
Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA N4N)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →