Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

182 12th Street, Hanover, ON N4N 1T8 (seventh ave and twelfth st)
$ 1150000 - MLS : X12819968

From Our Gallery

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 Description

seventh ave and twelfth st

Property Detail

Community: Hanover
Property Type: Tenant/Residential Freehold
Bedrooms: 8
Bath: 6
Garages: None
Annual Property Taxes : $ 6294

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Stone
Counstruction Material : Brick
Total Parking Space : 9
Parking Type : None

Amenities

Heating : OtherGas
Sewer : Sewer ,

Listing Contracted With: RE/MAX WEST REALTY INC.

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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