397 3rd Street S, Hanover

$789,000
397 3rd Street S

$789,000

New
3d
DetachedBungalow

397 3rd Street S, Hanover

Total Monthly Obligation $4,108

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
3d
Yield
3.8%
Cash on Cash
-8.9%
Cap Rate
2.7%
5Y IRR
8.6%
10Y IRR
9.1%
Property Type-Detached
MLS® Number-X14098582
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-75.69 × 111.71 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$6,600 (2026)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Grey Bruce Realty Inc.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-North
Exterior-Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-Hanover
Title-Residential Freehold

No agent assigned

Welcome to 397 3rd St S, Hanover! Built in 2017, this 3 bedroom, 3 bathroom bungalow offers 1,703 sq ft of comfortable living. The bright, open concept main floor brings the kitchen and living room together, with quartz countertops and a large island for family meals or entertaining. Natural light pours in, making it a space you'll love coming home to. Two large bedrooms are on the main level. The primary has a walk-in closet, a 3 piece ensuite and a walk-out to the covered back porch. Downstairs, in-floor heat keeps things warm and cozy all winter. There's a 3rd bedroom plus room for a 4th, so there's space for family, guests or a home office. Thoughtful touches include three large closets with lights that turn on when the doors open, and central vac for easy cleaning. Outside, enjoy a fenced backyard with an in-ground sprinkler system to keep the lawn looking its best. The covered porch is the perfect spot for morning coffee or a quiet rainy evening. Whether you're buying your first home, up sizing or relocating to Grey Bruce, this one checks all the boxes. Call your REALTOR today to book your showing!

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Closing Costs

Mortgage Amount
$631,200
Land Transfer Taxes$12,255
Legal Fees (Est.)
$
Total cash required for closing$171,555

Total Monthly Obligation

$4,108/mo
Mortgage $3,183
Monthly Loss $3,270
Principal$837
Interest$2,345
Property Tax$550
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 397 3rd Street S

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