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476 9th Ave

9th AveHanoverON, N4N 2M3

62
Beds
-
Baths
14,111
Sq. Ft.
$3,895,000
List Price
476 9th Ave, Hanover, ON - 1 of 3
476 9th Ave, Hanover, ON - 2 of 3
476 9th Ave, Hanover, ON - 3 of 3
New
10 days on market

Quick Summary

  • Prime 33-unit apartment complex in vibrant Hanover
  • Conveniently located near downtown shopping and amenities
  • Impeccably maintained buildings across two separate lots
  • Includes a 2-bedroom bungalow and a 4-unit converted house
  • Delivers solid 6%+ return with upside revenue potential

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... Show More

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. (id:54626)

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Property Details

Size

14,111 sq. ft.
across 3 floors
62 Beds
0 Baths

Parking

28 Parking Spaces
-

Lot

Size
1620′0″ * 1583′12″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Unfinished
Exterior
Aluminum siding, Brick, Steel
Foundation
-
Builder Name
-
Stories
3
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40643200
Last Updated
September 9, 2024
Brokerage
WILFRED MCINTEE & CO LTD Brokerage (Walkerton)
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