513 11th Av - Storefront FOR SALE


Hanover, ON N4N 2S3
$374,000 CAD
519-242-0277

NO PHOTO

$374,000 CAD
Storefront - FOR SALE
null | 9.08% Cap Rate

513 11th Av
Hanover, ON N4N 2S3


HIGHLIGHTS

  • Fully leased building with two strong tenants providing steady income.
  • Vendor Take-Back financing options available for qualified purchasers.

OVERVIEW

513 11th Avenue in Hanover presents a strong income-producing investment in a prominent, high-visibility location. This well-maintained commercial property consists of two fully leased units, occupied by a successful cannabis retailer and a long-standing laundromat. Both tenants benefit from consistent traffic and an established customer base, ensuring reliable income for the owner. Positioned in a vibrant area with nearby schools, apartment complexes, restaurants, and local businesses, the property offers continuous footfall and easy accessibility. With a current monthly gross income of $2,830 and the possibility of Vendor Take-Back (VTB) financing for qualified buyers, this asset is a compelling addition to any portfolio. Ideal for investors seeking stability and solid returns, 513 11th Avenue is a turnkey opportunity in an amenity-rich neighborhood.

FOR SALE DETAILS

PRICE

$374,000 CAD

PRICE/SF

$205 CAD /SF

CAP RATE

9.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C1

APN/PARCEL ID

422904000105500

ASK ABOUT THIS PROPERTY

Corry Van IerselThe Vancor GroupMore Info
519-242-0277

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Corry Van IerselThe Vancor GroupMore Info
519-242-0277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.