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 | X12298874 |
| Property Type | Multi-family |
| Community Name | Hanover |
| ParkingSpaceTotal | 8 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Amenities | Fireplace(s), Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Meter |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FireplacePresent | Yes |
| FireplaceTotal | 2 |
| FireplaceType | Insert |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 2000 - 2500 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 153 Ft ,2 In |
| SizeFrontage | 66 Ft |
| SizeIrregular | 66 X 153.2 Ft |
| SizeTotalText | 66 X 153.2 Ft |
| ZoningDescription | R1a11 |
https://www.realtor.ca/real-estate/28635463/552-7th-avenue-hanover-hanover
Wes Cressman
Salesperson
292 Stone Road West Unit 7
Guelph, Ontario N1G 3C4
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July 22 2025 01:31:43
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Trilliumwest Real Estate Brokerage Ltd