For Sale - 488 10th Avenue, Hanover, Ontario

Est payment $1,920/mo
Views   1
Time on Jump  1 day
  • Three fully tenanted units: one commercial and two residential.
  • Reported cap rate exceeds 8%.
  • Roof updates include flat roof in 2024 and shingles in 2021.
  • Newer vinyl windows, updated eaves trough, and 2026 vinyl siding.
  • Two parking spaces; all units have separate hydro meters.



Outstanding investment opportunity awaits you! Whether you're a seasoned investor, or new to investment properties, this could be for you! This building generates a strong rate of return with a fully tenanted commercial unit and two fully tenanted residential units that generates a cap rate over 8%. Updates included: flat roof over print shop (2024), asphalt shingles over main structure (2021), some eaves trough replaced (2024), exterior vinyl siding (2026), furnace approximately 15 years old, newer vinyl windows. 2 car parking, all 3 units are separately metered for hydro, hwt owned.
Listing IDX14173634
Address488 10th Avenue
CityHanover, Ontario
Price$399,900
StyleInvestment
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentCommunity Features Major HighwayBasement 1Heating / Cooling BaseboardSewer Sanitary
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Listing Brokerage: Royal LePage RCR Realty

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488 10th Avenue
Hanover , Ontario
$399,900
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