Hanover, ON N4N 1P3,302 10th Street
Hanover, ON N4N 1P3,302 10th Street
Hanover, ON N4N 1P3,302 10th Street
$552,500
Est. payment /mo
$599,999
7.9%
Est.Price: ?

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3,000 SqFt
SOLD DATE : 08/19/2024

Key Details

Sold Price $552,500

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Sold

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $184

MLS Listing ID 40627254

Year Built 1900

Annual Tax Amount $6,014

Lot Size 2,613 Sqft

Property Description

??????Calling All Investors??????

Rare & Incredible Opportunity To Own One Of Grey County's Most Beautiful Buildings!
This Incredible Building Was Built In The Early 1900s And Has So Much To Offer Any Hungry Investor. With A 8.54% Annual Cap Rate This Property Would Make A Wonderful Accompaniment To Anyone's Portfolio. This Historic Building Offers 2 Commercial Spaces & A Generous Sized Residential Unit. The Main Commercial Unit Is Currently Leased Long Term To A Popular Cannabis Franchise. The Main Floor Unit Is Simply Stunning With Soaring Vintage Style Tin Ceiling, Oversized Arched Stained Glass Windows & Beautiful Mosaic Tiled Floors. Once Upon A Time This Building Was One Of Largest Banks In Town, Many Of The Bank Vaults Still Remain As A Super Nifty Property Feature. The Lower Unit Is Vacant But Can Accommodate An Assortment Of Different Types Of Businesses. Each Commercial Space Has Their Own Private Washroom. The Upper Level Offers A Massive 3 Bedroom Residential Apartment With High Ceilings, Large Windows, A 4-Piece Bath With Laundry, Loads Of Storage Space, A 2Pc Powder Room, Large Eat-In Kitchen, Dining Room & Generous Sized Livingroom. This Building Is In Great Condition & Has Been Well Maintained Over The Years. The Location Is Truly Ideal, Situated On A Busy Corner In Hanover's Thriving Downtown Core.
*Financials & Further Lease Details Available Upon Request. Additional Pictures Of The Main Commercial Unit Are Also Available.*
The Location Is Truly Ideal, Situated On A Busy Corner In Hanover's Thriving Downtown Core.

Location

Province ON

County Grey

Area Hanover

Zoning C1

Rooms

Kitchen 0

Exterior

Exterior Feature Storage

Garage Public, Other

Utilities Available Electricity Connected, Street Lights, Phone Connected

Waterfront No

Building

Lot Description Rectangular, City Lot, High Traffic Area

Story 2

Sewer Sewer (Municipal)

Water Municipal

Structure Type Stucco

New Construction No

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Listed by RE/MAX Hallmark Chay Realty Brokerage

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