182 12th Street Hanover, Ontario N4N 1T8
$1,300,000
Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. 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. (id:63008)
Property Details
| MLS® Number | X12436997 |
| Property Type | Multi-family |
| Community Name | Hanover |
| EquipmentType | None |
| Features | Carpet Free |
| ParkingSpaceTotal | 9 |
| RentalEquipmentType | None |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 6 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 8 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Appliances | Water Heater - Tankless, Water Heater, Water Meter, Water Treatment, Stove, Refrigerator |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| StoriesTotal | 3 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 132 Ft |
| SizeFrontage | 76 Ft ,6 In |
| SizeIrregular | 76.5 X 132 Ft |
| SizeTotalText | 76.5 X 132 Ft |
| ZoningDescription | R5-31 |
https://www.realtor.ca/real-estate/28933906/182-12th-street-hanover-hanover
John Metcalfe
Salesperson
425 10th St,
Hanover, N4N 1P8
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October 03 2025 09:34:53
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Royal LePage Rcr Realty