552 7TH Avenue
Hanover, Ontario
MLS® 40836774
$849,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40836774
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1912
1 / 24Listing description
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 summary
- MLS® number
- 40836774
- Property type
- Multi-family
- Building type
- Triplex
- Square footage
- 2,200 sq ft
- Title
- Freehold
- Land size
- 0.222 acres
- Built in
- 1912
- Annual property taxes
- $4,696.43
- Parking
- 8 spaces · Open
- Days on market
- 86 days
Features & details
- Heating
- Natural gas, Other
- Cooling
- None
- Basement
- Unfinished, Full
- Exterior features
- Brick
What would this home cost you?
Based on the $849,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Bosley Real Estate Ltd., Kitchener.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.