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

552 7th Ave, Hanover, Ontario N4N 2J7

Townhouse
6
3
~2000-2500 sqft
$849,000
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Townhouse
6
3
~2000-2500 sqft

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Highlights

Property Estimate

Days on market29 days

Estimated valueNot available

Price/Sqft$382/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

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
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Market Data - Hanover

Geo Zone Map ThumbnailHanover

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

58 days

Compared to

2024

93 days

2023

31 days

New Listings

Past 30 days

5 listings

Compared to

2024

0 listing

2023

0 listing

Units sold

Past 30 days

2 units

Compared to

2024

1 unit

2023

1 unit

Median Sold Price

Past 30 days

$550,950

Compared to

2024

$539,900

2023

$300,000


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