438 12TH Avenue
Hanover, Ontario
9,130 sqft • Retail
Looking for a large retail space? This building may be what you are looking for. Room for expansion as there is a vacant commercial lot that comes with it. Located on the Main street of Hanover this building has over 9000 square feet of floor space on two levels. The listing also includes adjacent vacant commercial lot, being Lot 1 W/S Elora St.Plan 700 Hanover S/T GS169650, Town of Hanover, County of Grey on 12th avenue. (Lot size is 85' x 132) assessed at $87.000 and also zoned C1. Inside you will find 5000 square feet on main level with open concept perfect for your ideas. Downstairs is over 4300 square feet of space for further retail or storage with seven foot ceilings. Recent upgrade include (3) FA gas furnaces within last (5) years and (2) ductless AC units. Property is current used as a Retail store. Zoning allows for many uses.
Price History
Schools
Elementary
- Holy Family Separate School0.4 km
Catholic · Bruce-Grey CDSB · 345 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Hanover Heights Community School0.5 km
Public · Bluewater DSB · 395 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 36% met the provincial standard
- Dawnview Public School0.8 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 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.
Location
Mortgage Calculator
$139,980
Estimated Monthly Payment
$3,438
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,438/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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