$1,150,000
Available - For Sale
Listing ID: X12819968
182 12th Street , Hanover, N4N 1T8, Grey County
| Amazing 6 plex investment opportunity close to GTA featuring a cap rate over 7% and room for more growth. This property has R5 zoning, offering the potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, with a six figure income there is great return on the property with market rate rents. Property was formerly the Hanover Lutheran Church, the building retains historic charm with modern upgrades, including an on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades all within the past few years. 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 with the only thing missing being you! |
| Price | $1,150,000 |
| Taxes: | $6294.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 182 12th Street , Hanover, N4N 1T8, Grey County |
| Directions/Cross Streets: | seventh ave and twelfth st |
| Rooms: | 19 |
| Rooms +: | 9 |
| Bedrooms: | 6 |
| Bedrooms +: | 2 |
| Family Room: | F |
| Basement: | Apartment, Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Second | Living Ro | 12.99 | 10.99 | |
| Room 2 | Second | Kitchen | 14.99 | 6.99 | |
| Room 3 | Second | Bedroom | 12 | 10.99 | |
| Room 4 | Main | Kitchen | 20.01 | 12 | Combined w/Living |
| Room 5 | Main | Bedroom | 10.99 | 10 | |
| Room 6 | Main | Bedroom | 10.5 | 6.99 | |
| Room 7 | Second | Kitchen | 14.01 | 10.99 | |
| Room 8 | Second | Living Ro | 14.01 | 10.99 | |
| Room 9 | Second | Bedroom | 10.99 | 10 | |
| Room 10 | Main | Kitchen | 18.01 | 10.99 | |
| Room 11 | Main | Bedroom | 12 | 8.99 | |
| Room 12 | Main | Bedroom | 10.99 | 8.99 | |
| Room 13 | Lower | Kitchen | 25.98 | 12.46 | Combined w/Living |
| Room 14 | Lower | Bedroom | 12 | 8.5 | |
| Room 15 | Lower | Bedroom | 12 | 10.99 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 3 | Lower |
| Washroom Type 4 | 4 | Second |
| Washroom Type 5 | 3 | Third |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 3-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 9 |
| Pool: | None |
| Approximatly Square Footage: | 2500-3000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Other |
| Central Air Conditioning: | Wall Unit(s |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX WEST REALTY INC. |
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Dir:
416-901-9881
Bus:
416-901-8881
Fax:
416-901-9881
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Grey County |
| Municipality: | Hanover |
| Neighbourhood: | Hanover |
| Style: | 3-Storey |
| Tax: | $6,294 |
| Beds: | 6+2 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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