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595 1st Street, Hanover, ON, N4N 3V8

MLS® # 40668367
Commercial For Sale In Hanover, Ontario
$9,990,000
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
595 1St Street, Hanover, ON
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ACTIVE
595 1st Street, Hanover, ON, N4N 3V8
$9,990,000

Property Information:

Welcome to a remarkable commercial building in Hanover, Ontario that features 26 separate rental units, each thoughtfully designed with its own bathroom, a man door, and an overhead door. This versatile space is wide open, making it ideal for a variety of business ventures. The building boasts a robust 3-phase electrical system, ensuring it meets the demands of modern enterprises. Each unit is equipped with its own hydro and gas meters, providing tenants with independent utility management. Ample parking is available for both tenants and customers, along with a conveniently shared loading dock for easy deliveries. Additionally, this property presents exciting expansion potential, with room for an additional commercial building. The current owner is actively working on a condo conversion plan, which would allow for the individual sale of each unit in the future. Don't miss this rare opportunity to invest in a flexible commercial property with significant growth potential. Contact your agent today for more details!

Property Features:

  • Bedrooms: 0
  • Acres Range: 5-9.99
  • Basement: None
  • Floor Space (approx): 48000 Square Feet
  • Lot Depth: 622 Feet
  • Lot Features: None
  • Lot Frontage: 399.00 Feet
  • Water Source: Municipal
  • Zoning: M1
  • Sewer: Sewer (Municipal)

Courtesy of: RE/MAX Escarpment Realty Inc., WILFRED MCINTEE & CO LTD Brokerage (Walkerton)

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 595 1st Street, Hanover, ON, N4N 3V8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 595 1st Street , experiences 7 hot days per year at around 30.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 33.9 degrees Celsius.

Projected Avg. Temperature

Past
30.4℃
2050
33.9℃

# Hot Days Per Year

Past
7
2050
32

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

73/100

Moderate-High

ClimateCheck®

Current data

This property, 595 1st Street , experiences 12 significant 2-day storms per year, with about 334.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 15 significant 2-day storms with 422.7mm of precipitation per year.

Precipitation Per Storm

Past
334.2mm
2050
422.7mm

48-Hour Storms Per Year

Past
12
2050
15

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 595 1st Street, Hanover, ON, N4N 3V8

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,238.02

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.86 %

High school certificate or equivalent

35.27 %

Apprenticeship trade certificate/diploma

6.33 %

College/non-university certificate

28.67 %

University Degree

5.87 %

Commuter

Travel To Work

By Car

89.75 %

By Public Transit

0.0 %

By Walking

9.34 %

By Bicycle

0.0 %

By Other Methods

0.91 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.68 %

Houses

81.32 %

Own Vs. Rent

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