💰 80K built in equity – Hanover Raised Bungalow – $430K Purchase, $580K ARV Available
- $430,000
- 4 beds
- 2 baths
- 1116 sq ft sqft
- Price:
- $430,000
- Address:
- Hanover, ON
- Square Feet:
- 1116 sq ft
- Bedrooms:
- 4
- Bathrooms:
- 2
- Terms:
- Assignment of Contract
- Property Type:
- Home
- Basement:
- Full Funished
Additional Features
🔥 Off-Market Opportunity in Hanover! This detached raised bungalow offers strong upside for the investor who wants a flip or a cash-flowing hold. With vacant possession at closing, you’ve got a blank slate to reposition however you see fit. Property Details: 4 Bedrooms | 2 Bathrooms Square footage: 1116 sq ft AG (as per MPAC) Lot: 55 × 143 ft (as per Geo) Parking: Driveway + Attached single-car garage Raised bungalow layout = great reno potential Vacant possession = easy takeover and reno plan execution 💰 PURCHASE PRICE: $430,000 (includes 2.5% coop) 📉 AS-IS VALUE: $510,000 📈 ARV: $580,000 *Ask about our direct buyer price COMPARABLE SALES As-Is Comparable 607 2nd St A Street – SOLD $535,000 (July 2025) 2+1 bed, 2 bath | Single car garage | Dated condition | Pool but fewer bedrooms ➡️ After adjustments, subject is valued around $510,000 as-is with a clean out Renovated Comparables 67 3rd Street – SOLD $570,000 (July 2025) 2+1 bed, 2 bath | Single car garage | Nicely renovated | Smaller bedroom count than subject ➡️ After adjustments, subject projects to $580,000 renovated 657 14th Street – SOLD $572,500 (July 2025) 3+1 bed, 2 bath | Carport (vs. subject’s garage) | Recently renovated ➡️ After adjustments, subject projects to $580,000 renovated ✔️ Seller has the option to leave belongings behind at no extra cost ✔️ Buyer agrees to purchase the property in AS-IS condition ✔️ Vacant possession on closing Buyer to send a $10,000 deposit to Seller's lawyer. 📲 Text Brett at 226-916-1250 before someone else locks this one up.