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$ 1,150,000
Est. payment | /mo
8 Beds
6 Baths
2,500 SqFt
$ 1,150,000
Est. payment | /mo
8 Beds
6 Baths
2,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Square Footage 2,500 sqft
Price per Sqft $460
Subdivision Hanover
MLS® Listing ID X12819968
Bedrooms 8
Property Description
Amazing 6 plex investment opportunity close to GTA featuring a cap rate over 7% and room for more growth. This property has R5 zoning, offering the potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, with a six figure income there is great return on the property with market rate rents. Property was formerly the Hanover Lutheran Church, the building retains historic charm with modern upgrades, including an on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades all within the past few years. With nine parking spaces and a split utility structure (landlord pays water/sewer, tenants pay hydro; main floor and second level units pay gas heat, landlord pays in-floor gas heat in two level units), this is a turn-key investment with the only thing missing being you! (id:24570)
Location
Province ON
Rooms
Kitchen 6.0
Extra Room 1 Second level 3.96 m X 3.35 m Living room
Extra Room 2 Second level 4.57 m X 2.13 m Kitchen
Extra Room 3 Second level 3.66 m X 3.35 m Bedroom
Extra Room 4 Second level 4.27 m X 3.35 m Kitchen
Extra Room 5 Second level 4.27 m X 3.35 m Living room
Extra Room 6 Second level 3.35 m X 3.05 m Bedroom
Interior
Heating Other
Cooling Wall unit
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 9
Garage No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by RE/MAX WEST REALTY INC.
NEARBY SCHOOL & BUSINESS