$3,750,000
$3,895,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
476 9th Avenue Hanover, ON N4N 2M3
62 Beds
14,111 SqFt
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
Sold Date 09/28/24
Bedrooms 62
Abv Grd Liv Area 14,111
Originating Board Grey Bruce Owen Sound
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
State ON
County Grey
Area Hanover
Zoning C1
Direction 476 9th Ave, Hanover
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls, Separate Hydro Meters
Heating Baseboard, Electric
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator, Stove
Laundry Coin Operated, Common Area, In-Suite
Exterior
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 135.0
Lot Depth 132.0
Garage No
Building
Lot Description City Lot, Hospital, Library, Park, Playground Nearby
Faces 476 9th Ave, Hanover
Story 3
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Aluminum Siding,Steel Siding
New Construction No
Others
Senior Community false
Tax ID 372040216
Ownership Freehold/None
Read Less
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