Description
Rare & Incredible Opportunity To Own One Of Grey County's Most Beautiful Buildings! This Incredible Building Was Built In The Early 1900s And Has So Much To Offer Any Hungry Investor. With A 7.25% Annual Cap Rate This Property Would Make A Wonderful Accompaniment To Anyone's Portfolio. This Historic Building Offers 2 Fully Leased Commercial Spaces & A Generous Sized Residential Unit. The Main Commercial Unit Is Currently Leased Long Term To A Popular Cannabis Franchise. The Main Floor Unit Is Simply Stunning With Soaring Vintage Style Tin Ceiling, Oversized Arched Stained Glass Windows & Beautiful Mosaic Tiled Floors. Once Upon A Time This Building Was One Of Largest Banks In Town, Many Of The Bank Vaults Still Remain As A Super Nifty Property Feature. The Lower Unit Is Leased Out To A Wonderful Local Embroidery Shop. Each Commercial Space Has Their Own Private Washroom. The Upper Level Offers A Massive 3 Bedroom Residential Apartment With High Ceilings, Large Windows, A 4-Piece Bath With Laundry, Loads Of Storage Space, A 2Pc Powder Room, Large Eat-In Kitchen, Dining Room & Generous Sized Livingroom. This Building Is In Great Condition & Has Been Well Maintained Over The Years. The Location Is Truly Ideal, Situated On A Busy Corner In Hanover's Thriving Downtown Core.
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0BEDS
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< 0.5ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Rare & Incredible Opportunity To Own One Of Grey County's Most Beautiful Buildings! This Incredible Building Was Built In The Early 1900s And Has So Much To Offer Any Hungry Investor. With A 7.25% Annual Cap Rate This Property Would Make A Wonderful Accompaniment To Anyone's Portfolio. This Historic Building Offers 2 Fully Leased Commercial Spaces & A Generous Sized Residential Unit. The Main Commercial Unit Is Currently Leased Long Term To A Popular Cannabis Franchise. The Main Floor Unit Is Simply Stunning With Soaring Vintage Style Tin Ceiling, Oversized Arched Stained Glass Windows & Beautiful Mosaic Tiled Floors. Once Upon A Time This Building Was One Of Largest Banks In Town, Many Of The Bank Vaults Still Remain As A Super Nifty Property Feature. The Lower Unit Is Leased Out To A Wonderful Local Embroidery Shop. Each Commercial Space Has Their Own Private Washroom. The Upper Level Offers A Massive 3 Bedroom Residential Apartment With High Ceilings, Large Windows, A 4-Piece Bath With Laundry, Loads Of Storage Space, A 2Pc Powder Room, Large Eat-In Kitchen, Dining Room & Generous Sized Livingroom. This Building Is In Great Condition & Has Been Well Maintained Over The Years. The Location Is Truly Ideal, Situated On A Busy Corner In Hanover's Thriving Downtown Core.