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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 1,150,000

Est. payment -/mo

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Active

182 12th Street Hanover, ON N4N 1T8

3 Beds

2 Baths

2,806 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,806 sqft

Price per Sqft $409

MLS Listing ID 40807834

Bedrooms 3

Abv Grd Liv Area 2,806

Year Built 1890

Annual Tax Amount $6,294

Property Sub-Type Multi-6-9 Unit

Source Cornerstone

Property Description

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!

Location

Province ON

County Grey

Area Hanover

Zoning R5

Direction Seventh Ave to Twelfth St

Rooms

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features Other

Heating Natural Gas

Cooling Other

Fireplace No

Appliance Refrigerator, Stove

Laundry Other

Exterior

Roof Type Metal

Lot Frontage 76.5

Lot Depth 132.0

Garage No

Building

Lot Description Park, Place of Worship, Schools

Faces Seventh Ave to Twelfth St

Story 3

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 372050053

Ownership Freehold/None

Listed by RE/MAX WEST REALTY INC REXDALE

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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