552 7TH Avenue, Hanover, Ontario, N4N2J7

Property Description

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:64974)

Quick Facts

• Property Type: Triplex (Freehold)
• Bedrooms: 6
• Bathrooms: 3
• Living Area: 2,200 sq ft (204.4 m²)
• Above Grade: 2,200 sq ft (204.4 m²)
• Year Built: 1912
• Ownership: Freehold
• Attached: Yes
• Parking: 8 spaces (Open)
• Lot Size: 0.2220 acres (0.09 ha)
• Frontage: 66 ft (20.1 m)

Costs

• Annual Taxes: $4,696.43

Listing Provided by: TrilliumWest Real Estate Brokerage
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.