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.
Property Highlights
For Sale
MLS NO.
X13093930
Type
Commercial
Sub Type
Industrial
Square Footage
48000.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Industrial
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13093930
Total Kitchens
0
Security Features
Unknown
Lot Width
392.0
Garage Type
Unknown
Cooling
Unknown
Cooling Installed
No
Heat Type
Unknown
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
595 1ST Street, Hanover, ON N4N 3V8
City
Hanover
Neighbourhood
Hanover
County / Region
Grey County
Province / State
ON
Postal Code
N4N 3V8
Cross Street
Heading north on Grey Rd. 10/10th Avenue, turn right onto 11th Avenue. Follow to 14th avenue & turn right. Turn left onto 1st Street. Destination is on the right.
Directions
Heading north on Grey Rd. 10/10th Avenue, turn right onto 11th Avenue. Follow to 14th avenue & turn right. Turn left onto 1st Street. Destination is on the right.
Country
CA
List Price
$9,999,998
Annual Taxes
$31,689
Tax Year
2025
Legal Description
PT LT 7 CON 2 SDR BENTINCK PTS 2 AND 3 16R10457 TOWN OF HANOVER
Possession Type
Flexible
Possession Details
Flexible
Listing Office
COLDWELL BANKER THE REAL ESTATE CENTRE
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-07T02:59:38Z
Media Updated
2026-05-07T02:59:38Z
Photos Updated
2026-05-07T02:59:38Z
Last Modified
2026-05-07T03:27:05Z
System Modified
2026-05-07T03:27:05.870773Z
MLS Status
New
Basement Yn
No
Co List Office Name
COLDWELL BANKER THE REAL ESTATE CENTRE
Ddfyn
Yes
Expiration Date
2027-01-31
Heat Type Multi
Unknown
Hstapplication
In Addition To
Occupant Type
Partial
Originating System Id
A00001796
Parcel Number
372110962
Public Remarks
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.
