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For Sale · Retail

451 10TH STREET, Hanover

451 10TH STREET, Hanover, ON N4N1P8

$798,999 total

7,000 SF

Asset Class

Retail

Size

7,000 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

$114

Occupancy

98%

About this property

Welcome To 451 10th Street, Hanoverto This Excellent Commercial Opportunity Featuring A Spacious And Functional Interior Layout, Live Upstairs & Run Business On Main Floor! Ideal For Restaurant Operations Or A Variety Of Business Uses. The Main Floor Offers A Well-Organized Business Space Complete With Separate Men's And Women's Washrooms, Along With Additional Rear Storage Space For Convenient Day-To-Day Operations. The Restaurant Is Fully Licensed To Accommodated Up To 120 Guests Indoors, Plus An Outdoor Patio Licensed For An Additional 50 Guests & Two Outdoor Heaters Included. Main Entrance With Heated Walkway. The Fully Functional Basement Provides Even More Versatility, Featuring A Separate Private Office, A Dedicated Staff Washroom, And Extensive Storage Areas. Additional Storage Accommodates Refrigerators, Equipment, Supplies, And Other Business Essentials, Offering Excellent Convenience And Organization. With Generous Interior Space Across Two Levels, This Property Provides A Practical Setup For Business Operations, Staff Needs, And Storage. A Great Opportunity For Business Owners, Investors, Or Entrepreneurs Looking For A Versatile Commercial Space. If You're Looking For A Commercial Space With Potential Income Being Generated From The Two Bedroom Apartment Above. Property Comes With 15 Parking Spaces. Own Your Business , Enjoy The Convenience, And Invest In Your Future!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$52K

Annual cash flow

$8K

Cash-on-cash

3.17%

DSCR

1.17

Going-in cap

6.49%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy4,781 SF2033-10
Lakeview Physiotherapy2,079 SF2033-10

Area demographics

Trade area within 3 miles of the property.

Population

119,967

Households

49,538

Median income

$92,000

Median age

43.1

Daytime population

187,688

5-yr growth

1.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 451 10TH STREET, Hanover.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.