Hanover, ON N4N 2M3,476 9th Avenue
Hanover, ON N4N 2M3,476 9th Avenue
Hanover, ON N4N 2M3,476 9th Avenue
$3,750,000
Est. payment /mo
$3,895,000
3.7%
Est.Price: ?

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62 Beds
14,111 SqFt
SOLD DATE : 09/28/2024

Key Details

Sold Price $3,750,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 14,111 sqft

Price per Sqft $265

MLS Listing ID 40643200

Bedrooms 62

Annual Tax Amount $38,013

Property Description

Here?s an outstanding opportunity to enhance your investment portfolio with a prime 33-unit apartment complex located in the vibrant heart of Hanover, Ontario. This well-situated property is less than a block from downtown, providing easy access to shopping, grocery stores, pharmacies, and all essential amenities. The complex consists of four impeccably maintained buildings spread across two separate roll numbers. The main building offers 20 units, while a secondary building provides 8 units. Additionally, the property includes a quaint 2-bedroom bungalow and a converted house with 4 units. Currently, the complex delivers a solid return of over 6%, with significant upside potential as tenant turnover creates opportunities for increased revenue. Don?t miss out on this remarkable investment opportunity.

Location

Province ON

County Grey

Area Hanover

Zoning C1

Rooms

Kitchen 0

Interior

Heating Baseboard, Electric

Cooling None

Laundry Coin Operated, Common Area, In-Suite

Exterior

Waterfront No

Roof Type Asphalt Shing

Building

Lot Description City Lot, Hospital, Library, Park, Playground Nearby

Story 3

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding,Steel Siding

New Construction No

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The Real Estate Boutique Brokerage Inc

The Real Estate Boutique Brokerage Inc

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Listed by WILFRED MCINTEE & CO LTD Brokerage (Walkerton)

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