Hanover, ON N4N2J7 552 7th Avenue
$849,000



19 more




















Presented By: TrilliumWest Real Estate Brokerage
Home Details
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.
Presented By: TrilliumWest Real Estate Brokerage
Interior Features for 552 7th Avenue
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths3
Other Interior Features
Above Grade Finished Area2200
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NNo
BasementSeparate Entrance, Full, Unfinished
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesBrick & Beam, None
Laundry FeaturesIn-Suite
Total Stories2
General for 552 7th Avenue
AppliancesDryer, Refrigerator, Stove, Washer
Building Area UnitsSquare Feet
CityHanover
Construction MaterialsBrick
CoolingNone
CountyGrey
DirectionsBruce rd 10 and 13th St
ExclusionsAll Tenant Belongings.
Facing DirectionEast
Garage Y/NNo
HeatingNatural Gas, Radiator, Other
Insurance Expense2177
Living Area2200
Lot Size Square Feet9670.32
Lot Size UnitsAcres
MLS AreaHanover
MLS Area MinorHanover
New ConstructionNo
Number Of Units Total3
Open Parking Spaces8
Property SubtypeMulti-3 Unit
Property TypeResidential Income
RoofAsphalt Shing
Senior Community Y/NNo
SewerSewer (Municipal)
Standard StatusActive
StatusActive
Year Built1912
ZoningR1A11
Exterior for 552 7th Avenue
Building Area Total2200
Crops Included Y/NNo
Foundation DetailsStone
Frontage Length66.00
Frontage TypeWest
InclusionsNone
Lot Dimensions66 x 153
Lot FeaturesRectangular, City Lot
Lot Size Acres0.222
Lot Size Area0.222
Lot Size SourceGeoWarehouse
Number of Buildings0
Total Parking8
Water SourceMunicipal
Waterfront Y/NNo
Additional Details
Rachel Bellavia
Sales Representative