+11 more
8
Bedrooms
6
Bathrooms
2,806 sqft
Living Area
9
Parking
About This Property
This 8-bedroom, 6-bathroom multi-family in Hanover offers 2,806 sqft of living area. 3 storeys. The property has lot dimensions of 76.5 x 132 FT. The home features hot water radiator heat, natural gas heating, partially air conditioned, a full, apartment in basement basement. Highlights include a 9-car garage.
MLS Remarks
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! (id:60351)
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