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:40058)
Property Details
| MLS® Number | 40748580 |
| Property Type | Multi-family |
| Parking Space Total | 8 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1912 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 2,200 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 153 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 0.222 |
| Size Total | 0.222 Ac|under 1/2 Acre |
| Size Total Text | 0.222 Ac|under 1/2 Acre |
| Zoning Description | R1a11 |
https://www.realtor.ca/real-estate/28634914/552-7th-avenue-hanover
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August 19 2025 11:09:12
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