$429,900

For sale

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572 9th Avenue, Hanover - Multi-family for Sale

572 9th Avenue, Hanover, Ontario, N4N2M8

3 beds2 baths4 parking ft²

477 12th Avenue, Hanover, Ontario, N4N2V1

3 bd4 ba6 pkLot size 83 × 132 ft (10,956 sq ft)

Listed by Peak Edge Realty Ltd.

134 9th Street, Hanover, Ontario, N4N1K6

For sale

577 days ago

$425K

134 9th Street, Hanover, Ontario, N4N1K6

2 bd2 ba2 pk1,300 ft²Lot size 67 × 81 ft (5,434 sq ft)

Listed by Royal LePage RCR Realty

Investment analysis

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$429,900

Hanover

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Description

Welcome to 572 9th Ave in the town of Hanover. This versatile property sits on a generous corner lot and offers the flexibility to be used as a single-family home or a duplex. The main level features an eat-in kitchen, a full bathroom, an oversized living room, and a large bedroom. Upstairs you'll find two additional bedrooms, another full bathroom, and a versatile bonus room that can easily serve as a kitchenette, living area, or whatever suits your needs. Don't miss out - make time to check this one out! (id:66096)

Property Details

MLS®: X13079752
Property Type: Multi-family
Zoning: R3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 99 × 86 ft (8,473 sq ft)
Frontage: 99 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $2,901/yr
Listed: 184 days ago

Rooms

Main level

Living room: 7.53 x 4.96 meters
Kitchen: 5 x 3.47 meters
Other: 3.06 x 1.81 meters
Bedroom: 3.76 x 4.73 meters
Foyer: 2.3 x 1.56 meters
Sunroom: 4.45 x 5.78 meters

Second level

Bedroom: 6.18 x 2.56 meters
Bedroom: 2.7 x 3.93 meters
Kitchen: 4.74 x 3.93 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

184d

Hanover listings, avg age

116d

Price / ft²

$246

List price

$430K

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.

Area context

Neighbourhood profile (N4N)

This home lists at $429,900, about 5.9× the local median household income of $73,000.

Carrying it typically needs a household income of about $83,975 (20% down, 25-yr amortization, stress-tested) — roughly 15% 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)

$429,900· $246/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,495

Min 5%50%

Mortgage payment$2,264/mo

↳ CMHC premium ($16,336 capitalized)

Property tax (est.)$242/mo

Total monthly$2,506

Cash Needed to Close

Down payment (5%)$21,495

Land transfer tax$5,073

Est. closing costs$3,790

Total cash needed$30,358

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

572 9th Avenue, Hanover - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N4N)

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Full Cost Breakdown