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Maria Tompson
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Independently owned and operated.
sales@bestforagents.com

 

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$1,300,000
Available - For Sale
Listing ID: X12436997
Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. 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.
Price $1,300,000
Taxes: $5,947
Assessment Year: 2024
Occupancy by: Tenant
Address: 182 12th Stre , Hanover, N4N 1T8, Grey County
Directions/Cross Streets: 12th St. & 6th Ave.
Rooms: 19
Rooms +: 9
Bedrooms: 6
Bedrooms +: 2
Washrooms: 6
Family Room: F
Basement: Finished
Full
No. of Pieces Level
Washroom 1 3 Second
Washroom 2 4 Main
Washroom 3 3 Lower
Washroom 4 4 Second
Washroom 5 0
Washroom 6 3 Second
Washroom 7 4 Main
Washroom 8 3 Lower
Washroom 9 4 Second
Washroom 10 0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 9
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 2500-3000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Other
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Royal LePage RCR Realty

182 12th Stre , Hanover, N4N 1T8, Grey County

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Grey County
Municipality: Hanover
Neighbourhood: Hanover
Style: 3-Storey
Lot Size: x 132.00(Feet)
Approximate Age: 100+
Tax: $5,947
Maintenance Fee: $0
Beds: 6+2
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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