552 7th Avenue, Hanover, ON
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Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Hanover. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 66 x 153.19 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter
- equipped with wall unit(s) central cooling and highly efficient radiant heating via gas
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.
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Key Features
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Property Details
Parking & Garage
Heating & Cooling
Features
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Interior Features
Separate Heating Controls, Separate Hydro Meter
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Carbon Monoxide Detectors
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 552 7th Avenue, Hanover, ON N4N 2J7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
