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552 7th Avenue Hanover, Ontario N4N 2J7

6 Bedroom 3 Bathroom 2200 sqft
None Other

$849,000

Amazing investment opportunity. A fully-renovated triplex, offering a total of 3 units, each with 2 bedrooms and 1 bathroom, spanning 2200 SQFT. This property is not only occupied at market rents per unit but also comes with approved site plans to add 3 more units, doubling the income potential. Additional features include separate meters for each unit, fully renovated with new windows in the existing triplex. Building plans, permits, and a detailed proforma are readily available. This is a prime investment opportunity for both new and seasoned investors, with all the groundwork already laid out. 2021 narrative appraisal completed for potential 3 unit addition available upon request. (id:35544)

Property Details

MLS® Number 40748580
Property Type Multi-family
ParkingSpaceTotal 8

Building

BathroomTotal 3
BedroomsTotal 6
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1912
CoolingType None
ExteriorFinish Brick
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Other
StoriesTotal 2
SizeInterior 2200 Sqft
Type Triplex
UtilityWater Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
SizeDepth 153 Ft
SizeFrontage 66 Ft
SizeIrregular 0.222
SizeTotal 0.222 Ac|under 1/2 Acre
SizeTotalText 0.222 Ac|under 1/2 Acre
ZoningDescription R1a11
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