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661 1ST Street

661 1ST Street

Hanover, Ontario

Vacant Land

$1,300,000

Prime industrial development opportunity at 661 First Street in Hanover. Offering over 10 acres of M1 - Restricted Industrial zoned land, this property presents an exceptional opportunity for developers, investors, manufacturers, and owner-users looking to establish or expand operations within Hanover's growing industrial sector. Strategically located within the town's established industrial corridor, the site offers excellent accessibility and outstanding potential for a wide range of industrial and commercial uses permitted under the M1 zoning. Permitted uses include light industrial operations such as manufacturing, assembling, processing, warehousing, storage, service industries, transport terminals, ancillary truck terminal uses, and metal recycling yard operations. The zoning also permits commercial uses that are incidental and subordinate to the primary industrial operation, including retail outlets, wholesale outlets, business offices, and gym/fitness facilities accessory to permitted uses. Additional permitted accessory uses include parking facilities and supporting operational infrastructure. The size and flexibility of this property make it ideal for industrial development, manufacturing facilities, logistics operations, contractors' yards, service industrial businesses, processing facilities, and investment projects seeking long-term growth potential. With Hanover continuing to experience industrial and commercial expansion, this property offers a rare chance to secure a large-scale industrial parcel in one of Ontario's emerging industrial markets. Available for immediate sale and ready for future development.

Price History

Property

Lot Size
10.17 acres

Schools

Elementary

  • John Diefenbaker Senior School0.5 km

    Public · Bluewater DSB · 145 students

  • Dawnview Public School0.9 km

    Public · Bluewater DSB · 195 students

    Grade 3 reading: 92% met the provincial standard · Grade 6 math: 28% met the provincial standard

  • Holy Family Separate School1.3 km

    Catholic · Bruce-Grey CDSB · 345 students

    Grade 3 reading: 87% met the provincial standard · Grade 6 math: 44% met the provincial standard

Secondary

  • John Diefenbaker Senior School0.5 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

Vacant Land in Hanover · last 12 months

Median sold price
$517,000
Homes sold
115
Median days on market
44
Sale-to-list price
96.8%

Based on 115 recorded sales of vacant land properties in Hanover over the last 12 months.

Location

Street View

Mortgage Calculator

$260,000

Estimated Monthly Payment

$6,387

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $6,387/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $325/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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Reita said:

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