285 9TH STREET, Hanover, Ontario, N4N1L3

Property Description

If your looking for a fantastic investment opportunity, why not look at two! This great profit turning property is all set for you. The large century home boast 3 separate rental units consisting of two, 2 bedroom units, and 1 one bedroom unit. Updates to the home include dual zone Viessmann boiler (2022) provides heat and hot water, Roof 2020, Deck (2024) Ductless A/C for unit 1 (2023) and so many more. Fire Inspection report done and completed in (2021). A new water softener keeps things fresh and clean as well. The secured entrance basement has tenant washer and dryer, and storage units for tenants. A solid 2.5 storey home! The bonus, is the new garage (built in 2024). I challenge you to find a better built garage/rental unit combo! The 25'x48.5' garage with a 14.5x48.5" covered portion, is ideally suited for a tradesmen to set up shop with its in-floor heat, 3pc bath. The spray foam walls ensure high energy efficiency and comfort. Upstairs, 2 separate 2 bedroom units with separate entrances and balconies. The thoughtful, open concept design is bright and spacious and both units have tons of closet storage! 200 amp service to both the house and the garage, parking for 7 cars. One look at the mechanical set up in the garage and its evident, quality and efficiency was top of mind. Take advantage of the rental income, and use the garage for your own business, or bring in even more income and rent the garage. Just 1 block from the vibrant downtown core of Hanover, opportunity is waiting in this awesome rental investment package! (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 9 (9 above)
• Bathrooms: 5
• Parking: 7 spaces (Detached Garage, Garage)
• Frontage: 69 ft (21.1 m)

Costs

• Annual Taxes: $8,200.00 (2025)

Listing Provided by: RE/MAX Grey Bruce Realty Inc.
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.