391 13th Avenue, Hanover

$299,000
391 13th Avenue

$299,000

New
15d
Detached2-Storey

391 13th Avenue, Hanover

Total Monthly Obligation $1,804

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
15d
Score
26
Yield
7.2%
Cash on Cash
4.8%
Cap Rate
5.6%
5Y IRR
19.4%
10Y IRR
17.8%
Property Type-Detached
MLS® Number-X14027894
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-49 × 198 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,669.3 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal LePage RCR Realty
Cooling-None
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Metal
Foundation-Stone
Sewer-Sewer
Possession-flexible
Neighbourhood-Hanover
Title-Residential Freehold

No agent assigned

Now's your chance to put your own unique spin on a century home. This centrally located two-storey home is situated on a large lot near downtown and schools. Renovations were underway with most flooring removed and some replaced with vinyl plank. The home includes 3 bedrooms and a 3-piece bathroom on the second floor. In addition to a living room, separate dining room, and kitchen, the main floor includes a family room, laundry room, 2-piece bathroom, and 3-season addition. The main staircase is original with carved wood detailing. The water heater is owned and was replaced within the past 4 years. The property is being sold "as is".

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$239,200
Land Transfer Taxes$2,960
Legal Fees (Est.)
$
Total cash required for closing$64,260

Total Monthly Obligation

$1,804/mo
Mortgage $1,206
Monthly Loss $1,486
Principal$317
Interest$889
Property Tax$222
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.4%3
5-Year IRR
13.1%58
10-Year IRR
13.2%
Returns Index
30.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$21,600/yr
NOI
$12,271/yr
Net Cash Flow
-$184/mo
Cash Margin
-10.2%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
5.3 mo86
Risk Index
40.3/ 100

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

Comparables

Properties near 391 13th Avenue

Time

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Data last updated within the past 24 hours.