595 1ST Street, Hanover, ON N4N 3V8, Hanover, ON, N4N 3V8
MLS: X13093930 | Industrial
$9,999,998
Property Description
Exceptional industrial/commercial opportunity at 595 First Street in Hanover. This impressive multi-unit building offers approximately 48,000 sq. ft. divided into 26 individual units, making it ideal for investors, owner-users, and businesses seeking flexible industrial space in Hanover's growing industrial corridor. Each unit features its own private washroom, separate man door entrance, overhead drive-in door, individually metered hydro and gas services, and open-span layout suitable for warehousing, manufacturing, trades, storage, service businesses, showroom, and industrial-commercial uses. The property is equipped with a powerful 3-phase electrical system designed to support modern industrial operations. Ample on-site parking is available for staff and customers, along with a shared loading dock to support shipping and receiving needs. The flexible design allows users to customize units to suit their business operations while offering excellent leasing potential for investors. A major highlight is the future upside potential. Ownership is currently working on a condominium conversion plan, creating the opportunity for future individual unit sales and additional investment flexibility. Investors can benefit from multi-tenant income while positioning for future resale opportunities, while owner-users can secure long-term space in a rapidly expanding market. Situated on a sizable site with room for future expansion and potential for an additional commercial building, this property offers rare growth potential in one of Ontario's emerging industrial markets. Excellent opportunity to acquire a versatile industrial asset with strong income potential, future condo conversion upside, and long-term value.
Quick Facts
- Property Type: Industrial
- Bedrooms: None
- Bathrooms: None
Costs
- Annual Taxes: $31,688.79 (2025)
Listing Provided by: COLDWELL BANKER THE REAL ESTATE CENTRE
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Unknown
- Utilities: Yes
- Security: Unknown
Lot & Land
- Zoning: M1
Community & Neighbourhood
- Community: Public Transit, Recreation/Community Centre
- Neighbourhood: Hanover
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
595 1ST Street, Hanover
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$31,689/yr taxListing Courtesy of Coldwell Banker The Real Estate Centre
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595 1ST Street, Hanover
Industrial$9,999,998
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
No active comparables found in this area.
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595 1ST Street, Hanover, ON N4N 3V8, Hanover, ON, N4N 3V8