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$599,900
Hanover
477 12th Avenue, Hanover, Ontario, N4N2V1
This multi-family property in Hanover is for sale.
Live, Work & Earn - All in One Property! Opportunities like this don't come up often. This well-kept mixed-use property sits on a fully fenced 83' x 132' lot and offers the flexibility to run your business while generating rental income. The main floor commercial space-previously a daycare-features an open, adaptable layout with two washrooms, ideal for a variety of uses. Character shines throughout with original hardwood floors and beautiful woodwork. Upstairs and lower living spaces are bright, clean, and ready to go-perfect for living on-site while renting out additional space to offset your costs. Major updates already done, including roof and furnace (since 2021). Outside offers plenty of parking, strong curb appeal, three storage sheds, and a 60-amp panel for future upgrades like a hot tub or EV charger .A smart move for business owners, investors, or anyone looking for a flexible income property. Book your showing and explore the potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 211 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 3-bed multi-family in Hanover is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $599,900, about 8.2× the local median household income of $73,000.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 61% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4N)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
