552 7TH Avenue, Hanover, Ontario, 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 2200 sqft
  • Foundation Type: Stone
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 3
  • Built in: 1912
  • Floor Space (approx): 2200 Square Feet
  • Irregular: Yes
  • Lot Depth: 153 Feet
  • Lot Frontage: 66 Feet
  • Lot Size: 0.22 Acres
  • Zoning: R1A11
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • 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.

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

Additional Photos

  • View of side of home featuring brick siding, a chimney, a yard, and a storage unit -
  • Half bathroom with vanity, a baseboard radiator, and tile patterned floors -
  • Full bathroom featuring tile patterned floors, shower / bath combination, and vanity -
  • Unfurnished bedroom featuring dark wood-type flooring, a closet, a chandelier, and brick wall -
  • Unfurnished bedroom featuring dark wood-type flooring and a closet -
  • Unfurnished bedroom featuring a baseboard radiator and dark wood finished floors -
  • Unfurnished room featuring dark wood finished floors, baseboard heating, and a chandelier -
  • Entryway featuring dark wood finished floors and electric panel -
  • Unfurnished living room with a baseboard radiator, dark wood-type flooring, and plenty of natural light -
  • Hallway with stacked washing machine and dryer, dark wood-style flooring, and a baseboard radiator -
  • Kitchen with dark countertops, range, fridge, white cabinets, and electric panel -
  • Kitchen with dark countertops, white cabinetry, an island with sink, dark wood-style floors, and stove -
  • Kitchen with dishwashing machine, a tile fireplace, white cabinetry, and dark wood-type flooring -
  • Kitchen featuring freestanding refrigerator, range, dark countertops, dark wood-style flooring, and white cabinetry -
  • Unfurnished room featuring a wall unit AC and dark wood-style flooring -
  • Laundry area featuring stacked washer and clothes dryer and wood finished floors -
  • Kitchen with fridge, dark wood-style floors, stove, a baseboard radiator, and white cabinetry -
  • Spare room with dark wood-type flooring, baseboard heating, and ceiling fan -
  • Staircase with wood-type flooring and baseboards -
  • Utility room featuring gas water heater and water heater -
  • Utility room with electric panel -
  • View of miscellaneous property collateral -
  • View of property floor plan -