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$ 1,150,000
Est. payment | /mo
8 Beds
6 Baths
$ 1,150,000
Est. payment | /mo
8 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Hanover
MLS Listing ID X12819968
Style 3-Storey
Bedrooms 8
Annual Tax Amount $6,294
Tax Year 2026
Property Sub-Type Multiplex
Property Description
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!
Location
Province ON
County Grey County
Area Grey County
Rooms
Family Room No
Basement Apartment, Full
Kitchen 6
Separate Den/Office 2
Interior
Interior Features Other
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 9.0
Pool None
Roof Type Metal
Lot Frontage 76.5
Lot Depth 132.0
Total Parking Spaces 9
Building
Foundation Stone
Others
ParcelsYN No
Listed by RE/MAX WEST REALTY INC.
Nearby Locations
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