view of front of home featuring a chimney, a front lawn, brick siding, and board and batten siding Features: lawn

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back of property featuring brick siding, a metal roof, and a yard Features: grill, window mounted ac, lawn

living room featuring wood finished floors and lofted ceiling Features: vaulted ceiling, hardwood floor, low ceiling

kitchen with a heating unit, freestanding refrigerator, dark wood-style floors, and stainless steel range with electric cooktop Features: shaker cabinets, hardwood floor, sink, vaulted ceiling, refrigerator, range oven, backsplash, black cabinets, countertops

dining space featuring dark wood finished floors and vaulted ceiling Features: backsplash, natural light, hardwood floor, vaulted ceiling

kitchen with white range with electric stovetop, white cabinets, backsplash, and dark wood-style flooring Features: raised cabinets, range oven, backsplash, sink, stone countertops, natural light, hardwood floor, white cabinets

empty room with dark wood-type flooring and a ceiling fan Features: hardwood floor, ceiling fan

kitchen with freestanding refrigerator, electric range, dark wood finished floors, glass fronted cabinets, and a center island Features: refrigerator, shaker cabinets, range oven, sink, butcher block countertops, l shaped kitchen, glass insert cabinets, kitchen island, gray cabinets, hardwood floor, natural light, pendant lighting

unfurnished room with dark wood-type flooring Features: hardwood floor, natural light

doorway to property featuring board and batten siding and brick siding

kitchen with stainless steel electric range, tasteful backsplash, and white cabinets Features: sink, white cabinets, shaker cabinets, stone countertops, hardwood floor, range oven, open shelves, range hood, backsplash

empty room featuring light wood-style floors and ceiling fan Features: hardwood floor, ceiling fan

view of exterior entry featuring a patio and stone siding

kitchen featuring stainless steel appliances, white cabinets, tasteful backsplash, and light wood-style floors Features: sink, backsplash, stone countertops, shaker cabinets, white cabinets, range oven, range hood, refrigerator, hardwood floor

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For Sale - 182 12th Street, Hanover, Ontario

182 12th Street

Hanover , Ontario

8 6 $1,150,000

Est payment $5,522/mo

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Time on Jump 176 day

AI Summary *

Great investment opportunity with a cap rate over 7%.
R5 zoning allows for potential additional unit development.
Historic building with modern upgrades and enhanced amenities.
Nine parking spaces available for tenant convenience.
Turn-key property with solid income from market rate rents.

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Purchase Price

Term

Interest Rate

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Down Payment:
$ 57,500 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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!

Listing IDX12819968

Address182 12th Street

CityHanover, Ontario

Price$1,150,000

Bed / Bath8 / 6 Full

Style3-Storey, Multiplex

ConstructionBrick

TypeMulti-Family

StatusFor Sale

Extras

Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement Apartment, FullFoundation StoneHeating / Cooling OtherHeating Fuel GasSewer Sewer

Market Info

Parking 9.00

Listing Agency:
RE/MAX WEST REALTY INC.

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Listing Agency:
RE/MAX WEST REALTY INC.

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For Sale - 182 12th Street, Hanover, Ontario

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