488 10th Avenue, Hanover, ON N4N 2P3
Hanover · Near 10th Street & 10th Avenue · View map
About this home
Outstanding investment opportunity awaits you! Whether you're a seasoned investor, or new to investment properties, this could be for you! This building generates a strong rate of return with a fully tenanted commercial unit and two fully tenanted residential units that generates a cap rate over 8%. Updates Included: Flat roof over print shop (2024), Asphalt shingles over main structure (2021), some eaves trough replaced (2024), exterior vinyl siding (2026), furnace approximately 15 years old, newer vinyl windows. 2 car parking, all 3 units are separately metered for hydro, HWT Owned.
The home
- Type
- Investment
- Square footage
- 2465 sq ft
- Lot size
- 30.7 x 80.3 ft
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
Taxes & other
- Property taxes
- $3,446/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBA
- Cross street
- 10th Street & 10th Avenue
- Neighbourhood
- Hanover
More
- MLS® number
- X14173634
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
488 10th Avenue, Hanover, ON N4N 2P3
Hanover · Near 10th Street & 10th Avenue
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Listing history for 488 10th Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 488 10th Avenue
Answers come straight from this home’s MLS® listing.
How much is 488 10th Avenue listed for, and what would it cost each month?
488 10th Avenue is listed for $399,900. With 20% down ($79,980), the mortgage payment would be roughly $1,613 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,900 a month, all in. That figure is an illustration, not a quote.
Is 488 10th Avenue freehold or a condo, and is there a monthly fee?
488 10th Avenue is a investment in Hanover. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 488 10th Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
What style of home is 488 10th Avenue?
488 10th Avenue is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 488 10th Avenue, and what is the lot size?
The lot is listed as 30.7 x 80.3 ft.
How is 488 10th Avenue heated and cooled?
Heating is baseboard. The listing does not show air conditioning.
What are the property taxes for 488 10th Avenue?
Property taxes are $3,446 a year (2026), or about $287 a month.
Where is 488 10th Avenue?
488 10th Avenue is in Hanover. The nearest main intersection is 10th Street & 10th Avenue. The postal code is N4N 2P3.
Is 488 10th Avenue still for sale?
Yes. It is an active listing (MLS® X14173634). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 488 10th Avenue asking?
Similar properties for sale nearby right now include 594 11th Street at $424,900, 290 10TH Street at $450,000 and 434 18th Avenue at $329,888. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 488 10th Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 488 10th Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Hanover, picked by style, size and price.
Commercial retail$424,900594 11th Street, Hanover1 bath · HanoverCourtesy of: Coldwell Banker Peter Benninger RealtyView home →
Office$450,000290 10TH Street, HanoverHanoverCourtesy of: eXp RealtyView home →
Land$329,888434 18th Avenue, HanoverHanoverCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATEView home →Courtesy of: Royal LePage RCR Realty
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.