476 9th Avenue Hanover, Ontario N4N 2M3
$3,895,000
Here’s an outstanding opportunity to enhance your investment portfolio with a prime 33-unit apartment complex located in the vibrant heart of Hanover, Ontario. This well-situated property is less than a block from downtown, providing easy access to shopping, grocery stores, pharmacies, and all essential amenities. The complex consists of four impeccably maintained buildings spread across two separate roll numbers. The main building offers 20 units, while a secondary building provides 8 units. Additionally, the property includes a quaint 2-bedroom bungalow and a converted house with 4 units. Currently, the complex delivers a solid return of over 6%, with significant upside potential as tenant turnover creates opportunities for increased revenue. Don’t miss out on this remarkable investment opportunity. (id:42776)
Property Details
| MLS® Number | 40643200 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Playground |
| Equipment Type | Water Heater |
| Features | Laundry- Coin Operated |
| Parking Space Total | 28 |
| Rental Equipment Type | Water Heater |
Building
| Bedrooms Total | 62 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick, Steel |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 14111 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Playground |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 135 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/27385881/476-9th-avenue-hanover
Box 549, 11 Durham Street West
Walkerton, Ontario N0G 2V0
(519) 881-2270
(519) 881-2694
www.mcintee.ca
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September 09 2024 04:05:37
REALTORS® Association of Grey Bruce Owen Sound
Wilfred Mcintee & Co Ltd Brokerage (Walkerton)