182 12th Street, Hanover, Ontario N4N 1T8 is For Sale and has a listing price of 1,300,000. The property is located in the Hanover neighbourhood . It's been on the website for 7 Days.
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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 10/01/2025 | X12436997 | $1,300,000 | For Sale | - | - |