513 11TH Avenue
Hanover, Ontario
1,600 sqft • Other
Welcome to 513 11th Ave, Hanover – a well-maintained commercial building offering a solid investment in a high-traffic, amenity-rich location. This versatile property features two fully-leased commercial units, currently home to a popular cannabis retailer and a well-established laundromat—both benefiting from strong foot traffic and consistent clientele. Strategically situated just steps from schools, apartment complexes, restaurants, and numerous local businesses, this property enjoys excellent visibility and accessibility. The surrounding community ensures steady patronage for both existing tenants and presents a strong draw for any future businesses. Whether you’re expanding your investment portfolio or seeking a reliable income property in a thriving area, 513 11th Ave is a turnkey opportunity with great cash flow potential. Seller may consider VTB options for a qualified buyer. Monthly gross income is $2830.00
Price History
Property
- Lot Size
- 0.07 acres
Schools
Elementary
- Hanover Heights Community School0.4 km
Public · Bluewater DSB · 395 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 36% met the provincial standard
- Holy Family Separate School0.6 km
Catholic · Bruce-Grey CDSB · 345 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Dawnview Public School1 km
Public · Bluewater DSB · 195 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 28% met the provincial standard
Secondary
- John Diefenbaker Senior School1.3 km
Public · Bluewater DSB · 625 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N4N
- Population
- 10,341
- Private dwellings
- 4,849
- Median age
- 49.6
- Average household size
- 2.3
- Median household income
- $73,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Retail in Hanover · last 12 months
- Median sold price
- $515,000
- Homes sold
- 115
- Median days on market
- 44
- Sale-to-list price
- 96.8%
Based on 115 recorded sales of retail properties in Hanover over the last 12 months.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$74,800
Estimated Monthly Payment
$1,837
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,837/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $94/mo
Estimates only. Consult a financial advisor.
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