182 12th Street, Hanover, ON N4N 1T8
Hanover, ON, N4N 1T8 · Hanover
About this property
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!
Features & Amenities
- Basement: Apartment, Full
- Garage: None
- Cooling: Wall Unit(s)
- Heat Type: Other
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 8 |
| Bathrooms | 6 |
| Basement | Apartment, Full |
| Garage | None |
| Parking Spaces | 9 |
| Heat Type | Other |
| Heat Source | Gas |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $6,294 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Stone
- Roof
- Metal
- Basement
- Apartment, Full
Heating & Cooling
- Heat Type
- Other
- Heat Source
- Gas
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 9
- Parking Total
- 9.00
- Covered Spaces
- 9
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 132.00
- Lot Width
- 76.50
Financial & Tax
- Tax Annual Amount
- $6,294
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- negot
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 19
- Rooms Below Grade
- 9
- Kitchens Above Grade
- 6
- Kitchens Total
- 6
- Bedrooms Above Grade
- 6
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Grey County
- Cross Street
- seventh ave and twelfth st
- Directions
- Seventh ave to twelfth st
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
182 12th Street, Hanover, ON N4N 1T8, Hanover, ON, N4N 1T8