Unknown for 552 7th Ave, Hanover Ontario N4N 2J7
Re-listed 10 days ago

552 7th Ave, Hanover, Ontario N4N 2J7

Townhouse
-
3
~2200 sqft
$849,000
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Townhouse
-
3
~2200 sqft

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Highlights

Property Estimate

Days on market10 days

Total days on market
328 days

Estimated valueNot available

Price/Sqft$385/sqft

Monthly cost

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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

StyleResidential Income
View-
Age of property1912
SqFt~2200 SqFt
Lot Size10,098 Ac(153 x 66)
Parking Spaces8
MLS ®Number40836774
Community NameHanover
Data SourceITSO
Listing byTrilliumWest Real Estate Brokerage

Features

Heating: Natural Gas, Radiator, Other
Basement: Separate Entrance, Full, Unfinished

Features

Lot size: 10,098 Ac
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property History

Jun 4, 2026
ListedActive
$849,000
10 days on market
history photo preview24
Listing by itso®
Property listed by TrilliumWest Real Estate Brokerage, 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

143 days

Compared to

2025

0 day

2024

18 days

2023

0 day

New Listings

Past 30 days

1 listing

Compared to

2025

0 listing

2024

2 listings

2023

1 listing

Units sold

Past 30 days

3 units

Compared to

2025

0 unit

2024

2 units

2023

0 unit

Median Sold Price

Past 30 days

$499,900

Compared to

2024

$599,900


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