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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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