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    For Sale - 182 12th Street, Hanover, Ontario

    Est payment $6,444/mo
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    Views   1
    Time on Jump  77 day

    AI Summary *

    • Strong 6.38% CAP rate with potential to exceed 7.0%.
    • R5 zoning allows for the possibility of adding more units.
    • Current layout includes diverse unit types for broad appeal.
    • Historic building features modern upgrades and charm.
    • Turn-key investment with ample parking and split utilities.




    Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6. 38% cap rate with further upside to push the cap rate above 7. 0%. This property has r5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620. 00 against low 2024 operating expenses of $17,686. 12. A breakdown of these financials can be obtained by your realtor. Formerly the hanover lutheran church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. 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.
    Listing IDX12436997
    Address182 12th Street
    CityHanover, Ontario
    Price$1,300,000
    Bed / Bath8 / 6 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    Land Size10098
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Floor Drain, On Demand Water Heater, Carpet Free, Separate Hydro Meter, Separate Heating Controls, Water Heater Owned, Water Meter, Water TreatmentOwnership FreeholdBasement Finished, FullFoundation StoneHeating / Cooling OtherHeating Fuel GasSewer Sewer

    Parking 9.00
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    Listing Agency:  Royal LePage RCR Realty
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    182 12th Street
    Hanover , Ontario
    8 6 $1,300,000
    Get more info