For Sale

552 7th Avenue, Hanover, Ontario N4N 2J7

$849,000

552 7th Avenue, Hanover, Ontario N4N 2J7 is For Sale and has a listing price of 849,000. The property is located in the Hanover neighbourhood . It's been on the website for 25 Days.

  • Triplex
    Property Type
  • 6
    Bedrooms
  • 3
    Bathrooms
  • MLS ID: X12298874
  • Office Name Trilliumwest Real Estate Brokerage Ltd
Property Description

Amazing investment opportunity. A fully-renovated triplex, offering a total of 3 units, each with 2 bedrooms and 1 bathroom, spanning 2200 SQFT. This property is not only occupied at market rents per unit but also comes with approved site plans to add 3 more units, doubling the income potential. Additional features include separate meters for each unit, fully renovated with new windows in the existing triplex. Building plans, permits, and a detailed proforma are readily available. This is a prime investment opportunity for both new and seasoned investors, with all the groundwork already laid out. 2021 narrative appraisal completed for potential 3 unit addition available upon request.

Property Details
  • Bedrooms: 6
  • MLS ID: X12298874
  • Bathrooms: 3
  • Price: $849,000
  • Lot Depth: 153.19
  • Transaction Types: For Sale
  • Ref ID: X12298874
  • Year Built: N/A
  • Approx Sqft: 2000-2500
  • Dir / Cross St: Bruce rd 10 and 13th St
  • Status: Active
  • Tax Year: 2024
  • Property Type: Triplex
  • Property Type: All Houses
  • Property Sub Category: Triplex
Price History
List Date MLS ID List Price Status End Date Closed Price
07/21/2025 X12298874 $849,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Hanover
  • $704,246 Average List Price
    based on 1 year
  • 5 New Listings
    based on 30 days
  • 111 Median Days on Market
    based on 1 year
  • List vs. Selling Price 74.13 % Up
  • Sold (12mo) 26
  • Rented (12mo) 4

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 86 Walk Score
    Very Walkable
  • 47 Bike Score
    Somewhat Bikeable
Additional Details
  • Heat Type Radiant
  • Heat Source Gas
  • Style 2-storey
  • Washroom Type1: 2
  • Garage Type Y
  • Parking Spaces: 8
  • Exterior Brick
  • Kitchen 3
  • Fireplace Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 2: 1
  • Taxes: $4,696
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 21/07/2025 23:21:01
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