Homula Realty Brokerage
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683 11th Street, Hanover, ON N4N 1T6

Investment
$675,000

Turnkey Self-Serve Car Wash with Real Estate Included - An exceptional opportunity to acquire a cash-flow-positive, fully operational 24-hour self-serve car wash in the growing community of Hanover, Ontario. Situated on a high-visibility commercial site, this low-maintenance investment includes both the business and the underlying real estate. The property features self-serve wash bays and a dedicated truck wash bay, a convenient card-only payment system. There is over $$$160,000k in recent capital improvements: upgrades include enhanced equipment, electrical system improvements, security cameras, updated lighting, water softening systems, and more. Positioned on a 14,014 sq. ft. C3-zoned lot, the site offers future upside through the addition of vacuum stations and potential complementary automotive services, subject to municipal approvals. With no employees required for day-to-day operations and a proven 24-hour operating model, this asset presents an attractive opportunity for both owner-operators and passive investors seeking a stable, income-producing investment with growth potential.

MLS number
X13474702
Type
Investment
Status
Active
Bedrooms
Bathrooms
Postal code
N4N 1T6
Photos
8
Property tax
$3,600 / year
85days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Hanover Community Christian SchoolElementary152 mNot reported
John Diefenbaker Senior School
Bluewater DSB
Elementary864 mNot reported
John Diefenbaker Senior School
Bluewater DSB
Secondary864 m6.7 / 10
67% met the standard · 2 of 6 measures
Hanover Heights Community School
Bluewater DSB
Elementary673 m5.9 / 10
59% met the standard
Dawnview Public School
Bluewater DSB
Elementary1.2 km7.7 / 10
77% met the standard
Holy Family Separate School
Bruce-Grey CDSB
Elementary1.2 km7.6 / 10
76% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 441 people.

$66,000Median household income
64.4%Own their home
75%Detached houses
53.6Median age
12%Born outside Canada
12.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35420302 — the few blocks around this address, home to 441 people. It describes the area, not this property.

441Population
49.4Average age
2Household size
$67,500Average household income
$66,000Median household income
64%Own their home
36%Rent
0%Condominiums
12%Born outside Canada
12%University degree
$395,000Average home value
11%Low income
100%Not in the labour force
21%Never married
$20,000 to $24,9994%
$25,000 to $29,9997%
$30,000 to $34,9994%
$35,000 to $39,9997%
$40,000 to $44,9992%
$45,000 to $49,9996%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9997%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over22%
$100,000 to $124,9997%
$125,000 to $149,9996%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 270 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$135,000 · minimum here is $42,500
$2,988.75per month
Borrowed before insurance$540,000
Total borrowed$540,000
Interest over 25 years at 4.5%$356,626

If you rented it out

-$3,288.75per month out of pocket
Rent$0.00
Everything it costs to hold$3,288.75
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ANALYST REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.