Primary photo of 552 7TH AVENUE, Hanover
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Triplex For Sale

$849,000

MLS® Number: X12298874

Bedrooms

6

Bathrooms

3

552 7TH AVENUE, Hanover, Ontario

About This Property

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.

Property Details

Interior Details

Appliances

Water meter

Basement

Unfinished, N/A

Bathrooms Total

3

Bedrooms Total

6

Cooling

Wall unit

Fireplace Features

Insert

Fireplace

True

Fireplaces Total

2

Heating

Radiant heat, Natural gas

Building & Exterior

Building Features

Separate Electricity Meters, Separate Heating Controls, Fireplace(s)

Exterior Features

Brick

Foundation Details

Concrete

Parking Features

No Garage

Stories

2.0

Land & Location

City Region

Hanover

Frontage Length

66.0 feet

Lot Size Dimensions

66 x 153.2 FT

Postal Code

N4N2J7

Listing & Financials

Listing Office

Trilliumwest Real Estate Brokerage

Originating System Name

OnePoint Association of REALTORS®

Other Specifications

Country

Canada

Parking Total

8

Mortgage Calculator

20% ($169,800)
5.5%
25 Years

Estimated Monthly Payment

$4,171

Principal and interest only. Actual rates may vary.

Location & Map

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List Property6 Bed Triplex for Sale — 552 7TH AVENUE, Hanover | $849,000 | Lify.ca