Description

Opportunity knocks! A stand out iconic building with C1 zoning could be your next treasure chest. This eye catching property centrally located on the main street of Hanover steeped in local history, has been a local hub to the community for decades. This family restaurant can accommodate 130 seats. Fully operational kitchen, with 2 upper rental units above, offers potential rental income. A must see for the restaurant owner looking to make their mark with residence above or a savvy investment for the entrepreneur in you. (id:66096)

Property Details

MLS®: X13240428
Property Type: Retail
Zoning: C1
Interior Size: 5,393 ft²
Frontage: 66 ft
Building Area: 5,393 ft²
Heating: Hot Water
Cooling: Fully air conditioned
Property Tax: $6,068.4/yr
Listed: 153 days ago

Market Timing

Days on market

153d

Hanover listings, avg age

116d

Price / ft²

$143

List price

$770K

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.

Haho

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Area context

Neighbourhood profile (N4N)

This home lists at $769,999, about 10.5× the local median household income of $73,000.

Carrying it typically needs a household income of about $150,408 (20% down, 25-yr amortization, stress-tested) — roughly 106% above the area median.

Median household income: $73,000
Population: 10,341
Median age: 49.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N4N)

$769,999· $143/ft²

For sale

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Financing

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274 10th Street, Hanover - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N4N)

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