741 Grey Road 28 Road
Hanover, ON
- 1 sqft
- Land
- 89 days on market
Prime highway commercial development land on Hanover's busiest retail corridor. This 1.94-acre parcel fronts 217 feet on 24th Avenue (Grey Road 28), just north of the town's east-end commercial node - moments from Walmart, Shoppers Drug Mart and the Hanover Square shopping centre. Zoned C3 Highway Commercial, Hanover's most permissive commercial designation, it permits a broad range of uses including restaurant and drive-thru, automotive service, fuel and convenience, medical and professional offices, daycare, self-storage and retail. The cleared parcel is shovel-ready, with municipal water, sanitary, storm, gas and hydro available, on a corridor that completed a $1.25M municipal reconstruction in 2025. Built-in future demand: 87 apartments and 90 townhomes are planned by the seller on the lands immediately behind the site. An exceptional opportunity for an end-user or anchor-secured developer to establish a presence in a growing regional market.
Listing Details
- Taxes (2025)
- $4,898
- Listed
- June 15, 2026
Price History
Property
- Lot Size
- 217.57 x 388.85 Feet
Utilities
- Sewer
- Sanitary+Storm Available
Location & Legal
- Cross Street
- 24th Ave & 19th St
- Zoning
- C3 - Highway Commercial
- Parcel Number
- 372000405
- Possession
- Immediate
- Occupancy
- Vacant
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
- $510,000
- Homes sold
- 109
- Median days on market
- 48
- Sale-to-list price
- 96.8%
Based on 109 recorded sales of commercial properties in Hanover over the last 12 months.
Listed by
CANADIAN COMMERCIAL REALTY INC
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $4,898
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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