552 7th Avenue, Hanover, ON, N4N 2J7

$849,000

MLS® # 40748580

Investment For Sale In Hanover, Ontario

$849,000

Property Information:

Amazing investment opportunity. A fully-renovated triplex, offering a total of 3 units, each with 2 bedrooms and 1 bathroom, spanning 2200 SQFT. This property is not only occupied at market rents per unit but also comes with approved site plans to add 3 more units, doubling the income potential. Additional features include separate meters for each unit, fully renovated with new windows in the existing triplex. Building plans, permits, and a detailed proforma are readily available. This is a prime investment opportunity for both new and seasoned investors, with all the groundwork already laid out. 2021 narrative appraisal completed for potential 3 unit addition available upon request.

Inclusions: None

Exclusions : All Tenant Belongings.

Building Features:

  • Floor Space: 2200 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Full, Unfinished
  • Built in: 1912
  • Construction Materials: Brick
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 2200 Square Feet
  • Heating: Natural Gas, Radiator, Other
  • Interior Features: Brick & Beam, None
  • Laundry Features: In-Suite
  • Lot Depth: 153 Feet
  • Lot Features: Rectangular, City Lot
  • Lot Frontage: 66.00 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R1A11
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 8

Courtesy of: TrilliumWest Real Estate Brokerage

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

Additional Photos