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

$1,150,000

MLS® # X12819968

Investment For Sale In Hanover, Ontario

$1,150,000

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

Courtesy of: RE/MAX WEST REALTY INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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