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Royal LePage
Royal LePage
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$1,190,000

Hanover ON, N4N 1L3

MLS® # X12428184

Property Information:

If your looking for a fantastic investment opportunity, why not look at two! This great profit turning property is all set for you. The large century home boast 3 separate rental units consisting of two, 2 bedroom units, and 1 one bedroom unit. Updates to the home include dual zone Viessmann boiler (2022) provides heat and hot water, Roof 2020, Deck (2024) Ductless A/C for unit 1 (2023) and so many more. Fire Inspection report done and completed in (2021). A new water softener keeps things fresh and clean as well. The secured entrance basement has tenant washer and dryer, and storage units for tenants. A solid 2.5 storey home! The bonus, is the new garage (built in 2024). I challenge you to find a better built garage/rental unit combo! The 25'x48.5' garage with a 14.5x48.5" covered portion, is ideally suited for a tradesmen to set up shop with its in-floor heat, 3pc bath. The spray foam walls ensure high energy efficiency and comfort. Upstairs, 2 separate 2 bedroom units with separate entrances and balconies. The thoughtful, open concept design is bright and spacious and both units have tons of closet storage! 200 amp service to both the house and the garage, parking for 7 cars. One look at the mechanical set up in the garage and its evident, quality and efficiency was top of mind. Take advantage of the rental income, and use the garage for your own business, or bring in even more income and rent the garage. Just 1 block from the vibrant downtown core of Hanover, opportunity is waiting in this awesome rental investment package! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Floor Space: 3000 - 3500 sqft
  • Foundation Type: Stone
  • Heating Type: Baseboard heaters
  • Heating Fuel: Other
  • Cooling Type: None
  • Appliances: Water meter, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9
  • Bathrooms: 5
  • Fence Type: Partially fenced
  • Floor Space (approx): 3000 - 3500 Square Feet
  • Irregular: Yes
  • Lot Depth: 180.3 Feet
  • Lot Frontage: 69.8 Feet
  • Lot Size: 69.9 x 180.3 FT
  • Zoning: C1
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 7

Courtesy of: RE/MAX Grey Bruce Realty Inc.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 285 9TH STREET, Hanover, Ontario, N4N 1L3

Demographic Information of 285 9TH STREET, Hanover, Ontario, N4N 1L3

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,680.84

Average Number of Children

1.84

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.5 %

High school certificate or equivalent

34.55 %

Apprenticeship trade certificate/diploma

9.03 %

College/non-university certificate

23.3 %

University certificate (below bachelor)

1.03 %

University Degree

5.59 %

Commuter

Travel To Work

By Car

85.38 %

By Public Transit

0.0 %

By Walking

13.18 %

By Bicycle

0.0 %

By Other Methods

1.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.3 %

Houses

59.7 %

Own Vs. Rent

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