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About the Listing MIB180 - MI8634
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!
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Refrigerator, Stove
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2806
- Below Ground Sq Ft: n/a
- Basement: Separate Entrance,Full,Finished
- Other:
- Water: Municipal
Exterior Details
- Lot Description: Park,Place of Worship,Schools
- Garage Capacity: N/A
- Parking Spaces: 9
- Lot Dimensions: 76.5 x 132
- Zoning: R5
- Roof: Metal
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Private Drive Triple+ Wide
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 372050053
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
182 12th St Hanover, ON N4N 1T8
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