661 1st Street
Hanover, ON
- 10 sqft
- Land
- 122 days on market
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.
Listing Details
- Taxes (2025)
- $4,087
- Listed
- May 5, 2026
Price History
Property
- Lot Size
- 547.46 x 822.66 Feet
Utilities
- Sewer
- None
Location & Legal
- Cross Street
- Heading north on Grey Rd. 10/10th Avenue, turn right onto 11th Avenue. Follow to 14th avenue & turn right. Turn left onto 1st Street. Destination is on the right.
- Zoning
- M1
- Parcel Number
- 372111043
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Industrial
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
Commercial in Hanover · last 12 months
- Median sold price
- $517,000
- Homes sold
- 113
- Median days on market
- 44
- Sale-to-list price
- 96.8%
Based on 113 recorded sales of commercial properties in Hanover over the last 12 months.
Listed by
COLDWELL BANKER THE REAL ESTATE CENTRE
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $4,087
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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