Great duplex with a solid income. Gross income over $41,000 and has a cap rate of 7%. Net income of $30,000 a year carries the mortgage. Completely renovated in 2021 - all new kitchens, bathrooms, flooring, drywall and roof. New air conditioning in 2024. Main floor offers a large one bedroom unit with 9' ceilings, private laundry, basement storage and private parking at rear of building. Main floor is currently vacant and was rented for $ 1600 inclusive. Second floor contains two large bedrooms, in-unit laundry and private parking at the front of the building. Currently rented for $1850 inclusive. Building has been inspected by fire department and city building officials. Expenses: hydro - $2266, gas -$1537, water/sewer -$1383, taxes - $2311, insurance - $1032. Rear parking is by deeded right of way to private gravel drive.
| Floor | Type | Size |
|---|---|---|
| Second level | Bathroom | 1.82 m x 2.13 m |
| Second level | Bedroom | 5.02 m x 2.38 m |
| Second level | Bedroom 2 | 3.65 m x 2.64 m |
| Second level | Kitchen | 3.58 m x 1.9 m |
| Second level | Living room | 4.14 m x 4.19 m |
| Ground level | Bathroom | 3.35 m x 1.9 m |
| Ground level | Bedroom | 3.45 m x 3.47 m |
| Ground level | Kitchen | 4.14 m x 2.2 m |
| Ground level | Living room | 4.14 m x 4.92 m |
Sales Representative
Looking to buy Real Estate in Hanover or sell your Hanover property? Richard Graham can help.
Office
120 Jackson St S
Walkerton, ON
N0G 2V0
Personal
213461 Baseline Rd.
R. R. #1 Hanover, ON
N4N 3B8
