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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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