513 11th Av 1,828 SF 100% Leased Retail Building Hanover, ON N4N 2S3 $271,698 USD ($148.63 USD/SF) 9.08% Cap Rate

513 11th Avenue in Hanover presents a strong income-producing investment in a prominent, high-visibility location. This well-maintained commercial property consists of two fully leased units, occupied by a successful cannabis retailer and a long-standing laundromat. Both tenants benefit from consistent traffic and an established customer base, ensuring reliable income for the owner.
Positioned in a vibrant area with nearby schools, apartment complexes, restaurants, and local businesses, the property offers continuous footfall and easy accessibility. With a current monthly gross income of $2,830 and the possibility of Vendor Take-Back (VTB) financing for qualified buyers, this asset is a compelling addition to any portfolio. Ideal for investors seeking stability and solid returns, 513 11th Avenue is a turnkey opportunity in an amenity-rich neighborhood.