A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 182 12th St, Hanover Ontario N4N 1T8
5 days on Market

182 12th St, Hanover, Ontario N4N 1T8

Townhouse
6 + 2
6
~2500-3000 sqft
$1,300,000
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Townhouse
6 + 2
6
~2500-3000 sqft

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Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$477/sqft

Monthly cost

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Description

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.


Property Details

Style3-Storey
View-
Age of property100+
SqFt~2500-3000 SqFt
Lot Size10,098 SqFt(132 x 76.5)
Parking Spaces9
MLS ®NumberX12436997
Community NameHanover
Data SourceTRREB
Listing byRoyal LePage RCR Realty

Features

Heating: Other
Cooling: Window Unit
Basement: Finished, Full

Features

Lot size: 10,098 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 9


Property History

Oct 1, 2025
ListedActive
$1,300,000
5 days on market
history photo preview25
Listing by trreb®
Property listed by Royal LePage RCR Realty, Brokerage
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Market Data - Hanover

Geo Zone Map ThumbnailHanover

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

167 days

2023

0 day

New Listings

Past 30 days

1 listing

Compared to

2024

1 listing

2023

0 listing

Units sold

Past 30 days

0 unit

Compared to

2024

1 unit

2023

0 unit

Median Sold Price

Past 30 days

$0

Compared to

2024

$539,900


Population and Demographics

Overview

Total population 6794
Average household income $100,284

Age (%)

0 to 19
20%
20 to 34
16%
35 to 49
16%
50 to 64
20%
65 and plus
28%

Household composition (%)

Single family
61%
Single person
36%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
97%
Others
2%
German
1%

House tenancy (%)

Owners
63%
Renters
37%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget