182 12th Street, Hanover, ON N4N 1T8, Hanover, ON, N4N 1T8
MLS: X12819974 | Investment
$1,150,000
Property Description
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!
Quick Facts
- Property Type: Investment
- Bedrooms: None
- Bathrooms: None
Costs
- Annual Taxes: $6,294.00 (2026)
Listing Provided by: RE/MAX WEST REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Partial
- Utilities: Yes
Lot & Land
- Zoning: R5
Community & Neighbourhood
- Neighbourhood: Hanover
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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182 12th Street, Hanover, ON N4N 1T8, Hanover, ON, N4N 1T8