552 7th Avenue Hanover, Ontario N4N 2J7

$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:42776)

Property Details

MLS® Number	X12298874
Property Type	Multi-family
Community Name	Hanover
Parking Space Total	8

Building

Bathroom Total	3
Bedrooms Above Ground	6
Bedrooms Total	6
Amenities	Fireplace(s), Separate Heating Controls, Separate Electricity Meters
Appliances	Water Meter
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Cooling Type	Wall Unit
Exterior Finish	Brick
Fireplace Present	Yes
Fireplace Total	2
Fireplace Type	Insert
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	153 Ft ,2 In
Size Frontage	66 Ft
Size Irregular	66 X 153.2 Ft
Size Total Text	66 X 153.2 Ft
Zoning Description	R1a11

https://www.realtor.ca/real-estate/28635463/552-7th-avenue-hanover-hanover