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

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    For Sale - 182 12th Street, Hanover, Ontario

    Est payment $5,522/mo
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    Views   2
    Time on Jump  128 day

    AI Summary *

    • Great investment with a cap rate over 7% and growth potential.
    • R5 zoning allows for additional unit development opportunities.
    • Historic building retains charm with recent modern upgrades.
    • Turn-key property with six units offering strong rental income.
    • Nine parking spaces for tenants enhance convenience and functionality.




    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 IDX12819974
    Address182 12th Street
    CityHanover, Ontario
    Price$1,150,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Hot Water

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    Listing Agency:  RE/MAX WEST REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    182 12th Street
    Hanover , Ontario
    $1,150,000
    Get more info