182 12TH STREET, Hanover, Ontario, N4N 1T8

MLS® # X12436997

Investment For Sale In Hanover, Ontario

$1,300,000

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Welcome to 182 12th St. - 182 12Th Street, Hanover, ON - Outdoor

South side - 182 12Th Street, Hanover, ON - Outdoor

Southeast corner & driveway - 182 12Th Street, Hanover, ON - Outdoor

Northeast corner - 182 12Th Street, Hanover, ON - Outdoor

Northwest corner - 182 12Th Street, Hanover, ON - Outdoor

West side - 182 12Th Street, Hanover, ON - Outdoor With Exterior

Front flower beds - 182 12Th Street, Hanover, ON - Outdoor

East side - 182 12Th Street, Hanover, ON - Outdoor With Exterior

Unit 1 Living room - 182 12Th Street, Hanover, ON - Indoor

Unit 1 Kitchen - 182 12Th Street, Hanover, ON - Indoor Photo Showing Kitchen

Unit 3 Kitchen - 182 12Th Street, Hanover, ON - Indoor Photo Showing Kitchen

Unit 3 Living room - 182 12Th Street, Hanover, ON - Indoor

Unit 4 Entrance - 182 12Th Street, Hanover, ON - Outdoor With Exterior

Unit 4 Kitchen - 182 12Th Street, Hanover, ON - Indoor Photo Showing Kitchen

Unit 4 Living room - 182 12Th Street, Hanover, ON - Indoor Photo Showing Other Room

Unit 5 Entrance - 182 12Th Street, Hanover, ON - Outdoor With Exterior

Unit 5 Kitchen - 182 12Th Street, Hanover, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Unit 5 Living room - 182 12Th Street, Hanover, ON - Indoor Photo Showing Other Room

Unit 5 Bathroom - 182 12Th Street, Hanover, ON - Indoor Photo Showing Bathroom

Unit 6 Entrance - 182 12Th Street, Hanover, ON -

Unit 6 Living room - 182 12Th Street, Hanover, ON - Indoor Photo Showing Other Room

Unit 6 Kitchen - 182 12Th Street, Hanover, ON - Indoor Photo Showing Kitchen

Unit 6 Bathroom - 182 12Th Street, Hanover, ON - Indoor Photo Showing Bathroom

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182 12TH STREET, Hanover, Ontario, N4N 1T8

$1,300,000

Property Information:

Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. 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. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Air Conditioning: Yes
Amenities: Separate Hydro Meters, Separate Heating Controls
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 2500 - 3000 sqft
Foundation Type: Stone
Heating Type: Other
Cooling Type: Window air conditioner
Appliances: Water meter, Water Treatment, Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 6+2
Bathrooms: 6
Features: Carpet Free
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 132.0 Feet
Lot Frontage: 76.5 Feet
Lot Size: 76.5 x 132 FT
Zoning: R5-31
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 9

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Notes:

John Metcalfe

Sales Representative Royal LePage RCR Realty , Brokerage*

Mobile:519.881.9676

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Location of 182 12TH STREET, Hanover, Ontario, N4N 1T8

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 182 12TH STREET , experiences 7 hot days per year at around 30.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 33.9 degrees Celsius.

Projected Avg. Temperature

Past

30.4℃

2050

33.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

73/100

Moderate-High

ClimateCheck®

Current data

This property, 182 12TH STREET , experiences 12 significant 2-day storms per year, with about 334.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 15 significant 2-day storms with 422.7mm of precipitation per year.

Precipitation Per Storm

Past

334.2mm

2050

422.7mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 182 12TH STREET, Hanover, Ontario, N4N 1T8

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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182 12TH STREET, Hanover, Ontario, N4N 1T8 $1,300,000 MLS® # X12436997