552 7TH Avenue Hanover

552 7TH Avenue, Hanover, Ontario

$849,000

  • 6 Beds
  • 3 Baths
  • 2,200 Square Feet

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:23309)

  • Listing ID: 40748580
  • Property Type: Multi-family
  • Year Built: 1912

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Details

  • Ownership: Freehold
  • Parking Spaces: 8
  • Transaction: For sale
  • Zoning Description: R1A11

Building

  • BasementType: Full (Unfinished)
  • Basement Development: Unfinished
  • Constructed Date: 1912
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Stone
  • Bathrooms (Total): 3
  • Heating: Other
  • Heating Fuel: Natural gas
  • Size Interior: 2200 sqft
  • Stories Total: 2
  • Type: Triplex
  • Utility Water: Municipal water

Land

  • Sewer: Municipal sewage system
  • Size Frontage: 66 ft
  • Size Irregular: 0.222
  • Size Total: 0.222 ac|under 1/2 acre
MLS®

Listing provided by TrilliumWest Real Estate Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 552 7TH Avenue in Hanover Ontario. It was last modified on July 21st, 2025. Contact Justin Handley to schedule a viewing or to discover other Hanover real estate for sale.

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