Sabrina Essery

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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

Listing provided by TrilliumWest Real Estate Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

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 Sabrina Essery to schedule a viewing or to discover other Hanover real estate for sale.

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