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$849,000Asking Price

552 7th Avenue, Hanover, ON N4N 2J7

Hanover, Hanover

Triplex
6
Bedrooms
3
Baths
8
Parking
Days on Market

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.

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Tour this home:

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.

  OPEN HOUSE

Key Info

  • 2-Storey Triplex
  • 4+ Parking
  • No Garage
  • Bruce rd 10 and 13th St
  • 2000-2500 Approximate Sq Feet
  • No Ensuite Laundry
  • Radiant Gas Heating

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $4,696 in 2024
  • Possession: Immediate

Details

  • Brick Exterior
  • Fireplace
  • 3 Kitchens
  • Designation: Other
  •  
  • MLS #X12298874
  • Trilliumwest Real Estate Brokerage Ltd

Extras

Room Floor Dimensions Details
Washroom2 4-Piece Bathrooms on Ground Floor
Washroom1 4-Piece Bathroom
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Schools
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Public Catholic French
Primary
Middle
Secondary
Primary
Middle
Secondary
French Immersion Public
Commute

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Amenities
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0 Dog Parks
0 Daycares
5 Groceries Foodland, Fields, Gramps' Place
1 Coffee Spot Schultz's Gone Totally Baked
15 Restaurant/Bars Norms Restaurant, Hanover Pizza House, Canton Buffet Restaurant
16 Park/Rec/Gyms T-Zone Hanover, Hanover Curling Club, Curves
1 Hospital Lady Minto Hospital
2 Libraries Hanover Public Library, Bruce Grey Catholic District School Board
10 Places of Worship Grace United Church, Saint James Anglican Church, Saint Andrew's Presbyterian Church
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Who lives here?

Hanover, Hanover is a north GTA neighbourhood.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Hanover  (0.9)

Singles

44% of residents are
single and loving it.

44% singles

Hanover (44%)

Renters

39% of residents
are renters.

39% renters

Hanover (39%)

Education

15% of residents are
university grads.

15% university grads

Hanover (15%)

Income

Average Household Income

$83K

is the average household
income in the neighbourhood.

Hanover  ($83K)

Professions

Professions
Sales 19%
Trades 11%
Government 7%
Business 6%
Manufacturing 6%

Immigrants

5% of residents were
born outside of Canada.

5% immigrants

Hanover (5%)

Birthplace - All

UK was once home to 1.5% of immigrants.
Netherlands 0.5%
Germany 0.5%
Croatia 0.4%
USA 0.4%

1.5% from UK
All-time

Birthplace - Recent

UK was once home to 0.1% of immigrants.

0.1% from UK
Recent

Foreign Languages

Foreign Languages
German 2%
French 1%

Religions

Religions
Christian 77%
Muslim 1%
Hindu 1%
Jewish 1%