$1,150,000

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

MLS® # X12819974

Hanover ON, N4N 1T8

MLS® # X12819974

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: Multi-Family
Air Conditioning: Yes
Floor Space: 2806 sqft
Heating Type: Hot water radiator heat
Heating Fuel: Natural gas
Cooling Type: Partially air conditioned

Property Features:

Property Type: Multi-family
Floor Space (approx): 2806 Square Feet
Irregular: Yes
Lot Depth: 132 Feet
Lot Frontage: 76.5 Feet
Lot Size: 76.5 x 132 FT
Zoning: R5

Courtesy of: RE/MAX WEST REALTY INC.

More Detail

Less Detail

⚠ Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Market Price Trends

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

Lifestyle
Neighbourhood

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 %

Own Vs. Rent