Property Information:

Amazing 6 plex investment opportunity close to GTA featuring a cap rate over 7% and room for more growth. This property has R5 zoning, offering the potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, with a six figure income there is great return on the property with market rate rents. Property was formerly the Hanover Lutheran Church, the building retains historic charm with modern upgrades, including an on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades all within the past few years. With nine parking spaces and a split utility structure (landlord pays water/sewer, tenants pay hydro; main floor and second level units pay gas heat, landlord pays in-floor gas heat in two level units), this is a turn-key investment with the only thing missing being you! (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Air Conditioning: Yes
Basement Type: Full
Exterior Finish: Brick
Floor Space: 2500 - 3000 sqft
Foundation Type: Stone
Heating Type: Other
Heating Fuel: Natural gas
Cooling Type: Wall unit
Appliances: Water meter

Property Features:

Property Type: Multi-family
Bedrooms: 6+2
Bathrooms: 6
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 132 Feet
Lot Frontage: 76.5 Feet
Lot Size: 76.5 x 132 FT
Zoning: R5
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 9

Rooms:

Living 2nd Level 3.96 m x 3.35 m
Kitchen 2nd Level 4.57 m x 2.13 m
Bedroom 2nd Level 3.66 m x 3.35 m
Kitchen 2nd Level 4.27 m x 3.35 m
Living 2nd Level 4.27 m x 3.35 m
Bedroom 2nd Level 3.35 m x 3.05 m
Kitchen Lower Level 7.92 m x 3.80 m
Bedroom Lower Level 3.66 m x 2.59 m
Bedroom Lower Level 3.66 m x 3.35 m
Kitchen Lower Level 5.49 m x 3.66 m
Bedroom Main Level 3.66 m x 2.74 m
Bedroom Main Level 3.35 m x 2.74 m
Kitchen Main Level 6.10 m x 3.66 m
Bedroom Main Level 3.35 m x 3.05 m
Bedroom Main Level 3.20 m x 2.13 m
Kitchen Main Level 5.49 m x 3.35 m

Convert Measurement to:

Courtesy of: RE/MAX WEST REALTY INC.

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Demographic Information of 182 12TH STREET, Hanover, Ontario, N4N 1T8

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,680.84

Average Number of Children

1.84

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.5 %

High school certificate or equivalent

34.55 %

Apprenticeship trade certificate/diploma

9.03 %

College/non-university certificate

23.3 %

University certificate (below bachelor)

1.03 %

University Degree

5.59 %

Commuter

Travel To Work

By Car

85.38 %

By Public Transit

0.0 %

By Walking

13.18 %

By Bicycle

0.0 %

By Other Methods

1.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.3 %

Houses

59.7 %

182 12TH STREET, Hanover, Ontario, N4N 1T8