Home with brick exterior material, unknown for 552 7th Ave, Hanover Ontario N4N 2J7
10 hours on Market

552 7th Ave, Hanover, Ontario N4N 2J7

Townhouse
6
3
~2000-2500 sqft
$849,000
Get pre-qualifiedPowered by nesto
Townhouse
6
3
~2000-2500 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market10 hours

Estimated valueNot available

Price/Sqft$382/sqft

Monthly cost

Open Calculator

Description

Amazing investment opportunity. A fully-renovated triplex, offering a total of 3 units, each with 2 bedrooms and 1 bathroom, spanning 2200 SQFT. This property is not only occupied at market rents per unit but also comes with approved site plans to add 3 more units, doubling the income potential. Additional features include separate meters for each unit, fully renovated with new windows in the existing triplex. Building plans, permits, and a detailed proforma are readily available. This is a prime investment opportunity for both new and seasoned investors, with all the groundwork already laid out. 2021 narrative appraisal completed for potential 3 unit addition available upon request.


Property Details

Style2-Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size10,110 SqFt(153.19 x 66)
Parking Spaces8
MLS ®NumberX12298874
Community NameHanover
Data SourceTRREB
Listing byTrilliumwest Real Estate Brokerage Ltd

Features

Heating: Radiant
Cooling: Wall Unit
Fireplace
Basement: Unfinished

Features

Lot size: 10,110 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property listed by Trilliumwest Real Estate Brokerage Ltd, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

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

0 day

2023

2 days

New Listings

Past 30 days

3 listings

Compared to

2024

1 listing

2023

2 listings

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

1 unit

Median Sold Price

Past 30 days

$0

Compared to

2023

$730,000


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