540 10th Avenue, Hanover, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Hanover. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $624,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 1 Bathroom with 2 functional kitchens
- Premium 66 x 165 ft lot size
- Convenient double detached garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Where History Meets Opportunity! Are you a couple dreaming of earning an excellent income from your own established short-term accommodations business while enjoying the charm of small-town living? This remarkable Hanover property offers the best of both worlds. Built in 1906 as a church parsonage, this distinguished home carries more than a century of history while embracing todays versatility. With over 3,300 sq. ft. above grade, the residence provides abundant space for family life, business, or both. Currently operating successfully as a Guest House, the property benefits from C1 zoning, allowing a wide range of uses such as retail, professional office, wellness clinic, or personal services. Inside, you'll find 8 bedrooms, 2 kitchens, and a bathroom on each of the four fully finished floors perfect for multi-generational living, income opportunities, or hosting guests. The sunlit deck is ideal for morning coffees and evening reflections, while the enclosed front porch doubles as a welcoming storefront or retail space. A double-car detached garage with attached workshop adds practicality for hobbies or business needs. Step outside and you're immersed in Hanover's small-town spirit. Walk to downtown shops, local restaurants, and cultural attractions like the Civic Theater, The Giddy Goblin, and Playtime Casino, all just a short stroll away. The community's warmth, paired with ample on-site parking, makes this property as functional as it is inviting. This is more than a home, its a canvas for your vision. Whether you're seeking a character-filled family residence, a thriving business venture, or a seamless blend of both, 540 10th Avenue adapts to your aspirations. Seize the opportunity to write the next chapter in this homes storied legacy. Floor plans attached.
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Property Summary
This commercial retail located at 540 10th Avenue, Hanover is currently for sale and has been available on SousaSells for 155 days. This property is listed at $624,900 with an estimated mortgage of $2,080* per month. It has 8 beds, 1 bathroom, and is unknown square feet. 540 10th Avenue, Hanover is in the Hanover neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 1 bathroom, this home offers ample space and comfort for growing families in Hanover, Hanover.
- •8 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •Desirable Commercial Retail architecture in Hanover, Hanover
Growing families needing multi-bedroom flexibility and space in Hanover, Hanover.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- No
Community Features
- Major Highway
- Public Transit
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Hanover?
If you are looking for a house in Hanover or researching Hanover real estate for sale, this 8-bedroom commercial retail at 540 10th Avenue, Hanover, ON offers an exceptional opportunity to buy a home in Hanover, Ontario. Whether you are a first-time Hanover home buyer or comparing active Hanover MLS® homes for sale, working with a dedicated Hanover buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Hanover realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Hanover Buyer Budget & Costs
Estimated mortgage: $2,080*/month*. Estimated Ontario Land Transfer Tax: $8,973. First-time Hanover home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Hanover
Frequently Asked Questions about 540 10th Avenue, Hanover, ON
Q.What is the asking price for 540 10th Avenue, Hanover, ON ?
The current listing price for 540 10th Avenue, Hanover, ON in Hanover, Hanover is $624,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 1 bathroom.
Q.What property type and architectural style is 540 10th Avenue, Hanover, ON ?
540 10th Avenue, Hanover, ON is a Commercial Retail () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Major Highway, Public Transit.
Q.What security features are installed at 540 10th Avenue, Hanover, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Hanover, Hanover
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 540 10th Avenue, Hanover, ON N4N 2P4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hanover, ON
For a property listed at $624,900 in Hanover, the legal minimum down payment is $37,490 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,973 for this transaction. As this listing is in Hanover (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,973.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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