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Home ON Grey County Hanover
552 7TH Avenue
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552 7TH Avenue $849,000
View of property
View of side of home featuring brick siding, a chimney, a yard, and a storage unit
Half bathroom with vanity, a baseboard radiator, and tile patterned floors
Full bathroom featuring tile patterned floors, shower / bath combination, and vanity
Unfurnished bedroom featuring dark wood-type flooring, a closet, a chandelier, and brick wall
Unfurnished bedroom featuring dark wood-type flooring and a closet
Unfurnished bedroom featuring a baseboard radiator and dark wood finished floors
Unfurnished room featuring dark wood finished floors, baseboard heating, and a chandelier
Entryway featuring dark wood finished floors and electric panel
Unfurnished living room with a baseboard radiator, dark wood-type flooring, and plenty of natural light
Hallway with stacked washing machine and dryer, dark wood-style flooring, and a baseboard radiator
Kitchen with dark countertops, range, fridge, white cabinets, and electric panel
Kitchen with dark countertops, white cabinetry, an island with sink, dark wood-style floors, and stove
Kitchen with dishwashing machine, a tile fireplace, white cabinetry, and dark wood-type flooring
Kitchen featuring freestanding refrigerator, range, dark countertops, dark wood-style flooring, and white cabinetry
Unfurnished room featuring a wall unit AC and dark wood-style flooring
Laundry area featuring stacked washer and clothes dryer and wood finished floors
Kitchen with fridge, dark wood-style floors, stove, a baseboard radiator, and white cabinetry
Spare room with dark wood-type flooring, baseboard heating, and ceiling fan
Staircase with wood-type flooring and baseboards
Utility room featuring gas water heater and water heater
Utility room with electric panel
View of miscellaneous property collateral
View of property floor plan
$849,000
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552 7TH Avenue
Hanover, Ontario N4N2J7

MLS® Number: 40748580
6
Bedrooms
3
Bathrooms
2200
Square Feet

Listing 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. (69383494)

Location Description

Bruce rd 10 and 13th St

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
2200 sqft
Subdivision Name
Hanover
Title
Freehold
Land Size
0.222 ac|under 1/2 acre
Built in
1912
Annual Property Taxes
$4,696.43
Total Parking Spaces
8
Time on REALTOR.ca
147 days

Building

Bathrooms
Total
3
Interior Features
Basement Type
Full (Unfinished)
Building Features
Foundation Type
Stone
Total Units
3
Heating & Cooling
Cooling
None
Heating Type
Other, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Total Parking Spaces
8

Measurements

Square Footage
2200 sqft
Above Grade Finished
2200 sqft
Source: Other

Land

Lot Features
Frontage
66 ft
Land Depth
153 ft
Other Property Information
Zoning Description
R1A11
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519-635-1248
226-314-1592

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