$1,150,000
Available - For Sale
Listing ID: X12819974
182 12th Street , Hanover, N4N 1T8, Grey County
| 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! |
| Price | $1,150,000 |
| Taxes: | $6294.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 182 12th Street , Hanover, N4N 1T8, Grey County |
| Postal Code: | N4N 1T8 |
| Province/State: | Grey County |
| Legal Description: | LT 48 PL 770 HANOVER; HANOVER |
| Directions/Cross Streets: | seventh ave and twelfth st |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 2806.00 |
| Total Area Code: | Square Feet |
| Approximatly Age: | 100+ |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX WEST REALTY INC. |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Grey County |
| Municipality: | Hanover |
| Neighbourhood: | Hanover |
| Approximate Age: | 100+ |
| Tax: | $6,294 |
| Fireplace: | N |
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