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. (id:47238)
If your looking for a fantastic investment opportunity, why not look at two! This great profit turning property is all set for you. The large century home boast 3 separate rental units consisting of two, 2 bedroom units, and 1 one bedroom unit. Updates to the home include dual zone Viessmann boiler (2022) provides heat and hot water, Roof 2020, Deck (2024) Ductless A/C for unit 1 (2023) and so many more. Fire Inspection report done and completed in (2021). A new water softener keeps things fresh and clean as well. The secured entrance basement has tenant washer and dryer, and storage units for tenants. A solid 2.5 storey home! The bonus, is the new garage (built in 2024). I challenge you to find a better built garage/rental unit combo! The 25'x48.5' garage with a 14.5x48.5" covered portion, is ideally suited for a tradesmen to set up shop with its in-floor heat, 3pc bath. The spray foam walls ensure high energy efficiency and comfort. Upstairs, 2 separate 2 bedroom units with separate entrances and balconies. The thoughtful, open concept design is bright and spacious and both units have tons of closet storage! 200 amp service to both the house and the garage, parking for 7 cars. One look at the mechanical set up in the garage and its evident, quality and efficiency was top of mind. Take advantage of the rental income, and use the garage for your own business, or bring in even more income and rent the garage. Just 1 block from the vibrant downtown core of Hanover, opportunity is waiting in this awesome rental investment package! (id:47238)
Charming Two-Story Home Exudes Character. Upon entering this home, you will be welcomed by a spacious living room featuring a wood-burning fireplace, alongside a newly restored kitchen and a formal dining area, all situated on the main floor. The upper level presents three well-appointed bedrooms that offer considerable closet space, attic space for storage, as well as a newly renovated bathroom that enhances the overall appeal. Notable updates include a steel roof, F/A gas furnace, and central A/C. The exterior of the property provides ample outdoor space, including raised garden beds and perennial flowerbeds, creating an inviting environment for relaxation and enjoyment of the backyard. This home represents an excellent opportunity for prospective homeowners at an attractive price point. (id:47238)
Nestled in a quiet area of Hanover, this bungalow is the perfect family or retirement home. Consisting of a good sized kitchen, bright dining area with patio doors to the front porch, living room with gas fireplace, full bath and 3 bedrooms. Downstairs is a large rec room with wood burning fireplace, workshop area, 2nd bath, and laundry room. There is new vinyl plank flooring in living room & 2 bedrooms, new electrical panel (Sept 2025) and the roof is approx 11 years old & updated eaves troughs with leaf guards. The back yard is tree lined and very private. (id:47238)
Impressive Curb Appeal on a Quiet Street. Drive down this wide street and you'll see why this home has not been on the market for 49 years - the location is awesome - within walking distance to amenities, quiet street & private yard. As you pull into the driveway, approach the walkway and open the front door, you'll appreciate the spacious foyer and the cozy recreation room, complete with a gas fireplace on the ground level. This floor also features a convenient 2-piece bathroom, a versatile room for either a bedroom or office, and a generous sized utility room with ample storage space. Upstairs, you'll find a welcoming living room and an updated kitchen outfitted with newer appliances. The dining area features patio doors that lead to a deck and a new gazebo, perfect for outdoor entertaining. This level also includes three well-sized bedrooms and a bathroom. This property comes with an attached garage that provides ample space for a car and for a workshop, a concrete driveway, and updates to the roof, furnace, insulation, and windows. Plus, the private, treed yard features a storage shed and direct access to a community park. Don't miss out on this affordable and welcoming home!. (id:47238)
Great first-home-ownership opportunity. All brick 1 1/2 storey, three bedroom home on quiet street in good condition. Large landscaped lot with paved driveway and small detached garage. New gas furnace and central air in 2009. Most windows replaced in 2010. New steel roof in 2014. Updated Hydro service 2014. Flooring is a mix of newer hardwood and original hardwood. Carpet free. This home is ready for a new family and their own personal touches. Priced to sell! (id:47238)
Great place to start your home ownership journey. Main level offers kitchen with a generous amount of cabinets, primary bedroom, a combined living and dining room and 3 pc bath. Upper level offers 2 more bedrooms and another 3pc bath. Forced air gas heat, partial basement, a few older windows, rear yard is fenced and offers a quiet area to relax or entertain. Large side yard with storage shed and space for children's play set, trampoline or outdoor games. Home shows very well, call for your personal viewing. (id:47238)
Have you been searching for a well-constructed brick bungalow that offers magnificent panoramic views of the countryside? This home may be the ideal choice for you. It features a welcoming front porch, a bright living room, and a kitchen with an adjoining dining area that includes patio doors leading to a deck with awning, three bedrooms, two bathrooms, and an oversized recreation room equipped with a bar. Additionally, there is a utility room that provides workspace and ample storage. If you need space for extended family, the lower level may be just the perfect spot. Additional features include a forced air gas furnace, central air conditioning, wiring for a generator, an irrigation system, and a spacious attached garage. This property represents a unique opportunity for those seeking both comfort, convenience and a million dollar view! (id:47238)
Looking for the perfect spot to make your mark? This 0.52 acre property at the north end of the Town of Hanover is easily accessible to the Grey Rd 28 & Bruce Rd 22 bypasses. The bungalow features 2+2 bedrooms, 2 bathrooms, and over 1200 sqft of living space. The generous bedrooms, full bathroom, large kitchen/dining area, living room and bonus room, and main floor laundry welcomes single floor living. The basement is open to your designs with 2 bedrooms and a 2-piece bathroom. The spacious yard and deck are inviting to entertain your friends and family. Are you a business or contractor looking for storage and home base? Grow your home business with A2 zoning, a 1500 sqft workshop ground level and additional 600 sqft loft. With countless possibilities and potential uses, this half-acre property is ready for you! (id:47238)
Truly a rare find! Only 4 years old and is in brand new condition. This beautiful property has a private rear yard & boundary lines are lined with mature trees making the back yard a nature lovers paradise! Open concept design, gourmet kitchen with large center island and quartz counters, cathedral ceiling and stone gas fireplace in living room, grand principal bedroom with walk in closet & large 3pc ensuite, 3 full baths through out, 3+1 bedrooms & bright "L" shaped rec room, covered Trex deck & lower concrete patio, gas boiler hot water & in floor heating in all finished basement rooms, 2 car insulated garage with entrance from garage to the basement. All window coverings and appliances included. (id:47238)
Welcome to 531 11th Avenue in the town of Hanover. This traditional yellow brick two storey home sits on an oversized 200 foot lot and has a new tiny home situated on the property. This home offers elegant woodwork throughout as well as pocket doors showcasing the era of this home. The main level has ample living space with a dining room, living room, eat in kitchen and large foyer off of the front entryway. Upstairs you will find three nice sized bedrooms and an updated full bathroom. The attic space is finished for additional living space and is currently being used as a bedroom. The large lot also has a good sized shop for additional storage or a place to tinker. The furnace, central air and water softener have all been updated and are only 3-4 years old. If youre looking for a family home, or need the extra space out back, then this spot is for you. (id:47238)
This 13 year old bungalow is located in one of Hanover's finest areas and has been very well maintained. Consisting of 2+1 bedrooms, 2 full baths as well as a beautiful ensuite with tiled shower, hardwood & dura-ceramic flooring through out most of the main level, gas fireplace in the living room and rec room, "U" shaped kitchen with quartz counter tops, dining area with built in hutch and door to a covered rear deck, primary bedroom has doors to the rear deck and a walk in closet. The basement has a large rec room, 3rd bedroom, office and mechanical area. The fenced in rear yard is very nicely landscaped, has a shed with hydro, irrigation system and a patio area with built in natural gas fire pit. (id:47238)
