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595 1ST Street, HANOVER
2026-05-07
Quick Summary
- Location
- 595 1ST Street, HANOVER, Ontario N4N3V8
- Price
- $9,999,998
- Status:
- For Sale
- Property Type:
- Industrial
- Area:
- 48750 sqft
MLS®#40828006
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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital, Schools
Building
- Basement Type: None
- Exterior Finish: Metal
- Fireplace: No
- Interior Size: 48750 sqft
- Building Type: Other
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: Paved driveway
Land
- Land Size: 6.503 ac|5 - 9.99 acres
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Zoning
- Description: M1
Information entered by Coldwell Banker The Real Estate Centre
Listing information last updated on: 2026-06-08 13:41:23
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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