Haliburton, Minden and Kinmount
MLS®: X12436997 Status: For sale

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$1,300,000
Location:

182 12TH STREET, Hanover Ontario, N4N1T8
182 12TH STREET, Hanover Ontario
Description:
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:2471)
Property:
Type: Multi-family
Lot Dimensions: 76.5 x 132 FTAcreage: 76.5 x 132 FT
Sewer: Sanitary sewerWater: Municipal water
Parking Type: No Garage
Structure:
Style: OtherSquare Footage: 2500 - 3000 sqft
Bedrooms: 6+2Bathrooms: 6
Heating: Other
Cooling Type: Window air conditioner
Exterior: Brick
Foundation Type: Stone
Features:
Carpet Free     
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182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
182 12TH STREET, Hanover Ontario
 
182 12TH STREET, Hanover Ontario

Royal LePage - Lakes of Haliburton, Brokerage



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Listing Office: Royal LePage RCR Realty

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