595 1st Street,Hanover, ON N4N 3V8
Hanover, ON N4N 3V8
Description
Exceptional industrial/commercial opportunity at 595 First Street in Hanover. This impressive multi-unit building offers approximately 48,000 sq. ft. divided into 26 individual units, making it ideal for investors, owner-users, and businesses seeking flexible industrial space in Hanover's growing industrial corridor. Each unit features its own private washroom, separate man door entrance, overhead drive-in door, individually metered hydro and gas services, and open-span layout suitable for warehousing, manufacturing, trades, storage, service businesses, showroom, and industrial-commercial uses. The property is equipped with a powerful 3-phase electrical system designed to support modern industrial operations. Ample on-site parking is available for staff and customers, along with a shared loading dock to support shipping and receiving needs. The flexible design allows users to customize units to suit their business operations while offering excellent leasing potential for investors. A major highlight is the future upside potential. Ownership is currently working on a condominium conversion plan, creating the opportunity for future individual unit sales and additional investment flexibility. Investors can benefit from multi-tenant income while positioning for future resale opportunities, while owner-users can secure long-term space in a rapidly expanding market. Situated on a sizable site with room for future expansion and potential for an additional commercial building, this property offers rare growth potential in one of Ontario's emerging industrial markets. Excellent opportunity to acquire a versatile industrial asset with strong income potential, future condo conversion upside, and long-term value.
Details
| MLS # | X13093930 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Suspended |
| Year | 0 |
| Days On Site | 176 |
| Listing Provided By | COLDWELL BANKER THE REAL ESTATE CENTRE | MASSARA KHADER |
Features
| SQ Feet | 48,000 |
|---|---|
| Zoning | M1 |
| Acreage | 1.10 |
Interior
| Cooling Yes / No | No |
|---|---|
| Cooling | Unknown |
Exterior
| Community Features | Public Transit, Recreation/Community Centre |
|---|---|
| Security Features | Unknown |
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 31688.79 |
|---|---|
| Tax Book Number | 422901000330090 |
| Tax Type | Annual |
| Tax Legal Description | PT LT 7 CON 2 SDR BENTINCK PTS 2 AND 3 16R10457 TOWN OF HANOVER |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Grey County |
| City | Hanover |
| Postal Code | N4N 3V8 |
| Area | Hanover |
| Listing VS Median (in N4N 3V8) | |
Price: $9,999,998 low | high Med: $1 sqft: 48,000 low | high Med: 1,757 $ / sqft: $208 low | high Med: $0 On site: 176 low | high Med: 184 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Grey County |
| City | Hanover |
| Postal Code | N4N 3V8 |
| Area | Hanover |
| Listing VS Median (in N4N 3V8) | |
Price: $9,999,998 low | high Med: $1 sqft: 48,000 low | high Med: 1,757 $ / sqft: $208 low | high Med: $0 On site: 176 low | high Med: 184 | |
