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:63008)
Property Details
| MLS® Number | 40748580 |
| Property Type | Multi-family |
| ParkingSpaceTotal | 8 |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 6 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructedDate | 1912 |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| StoriesTotal | 2 |
| SizeInterior | 2200 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 153 Ft |
| SizeFrontage | 66 Ft |
| SizeIrregular | 0.222 |
| SizeTotal | 0.222 Ac|under 1/2 Acre |
| SizeTotalText | 0.222 Ac|under 1/2 Acre |
| ZoningDescription | R1a11 |
https://www.realtor.ca/real-estate/28634914/552-7th-avenue-hanover
Wesley Cressman
Salesperson
240 Duke Street West Unit 7
Kitchener, Ontario N2H 3X6
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July 21 2025 10:00:51
Kitchener-Waterloo Association of REALTORS®
Trilliumwest Real Estate Brokerage