Well-located multiplex investment property within walking distance to the library, mill dam, and farmers market, featuring a total of five units across two buildings. The main building offers four units with 4,768 sq ft, plus a separate 696 sq ft one-bedroom unit above the carriage house, for a total of 5,464 sq ft of above-grade living space. Currently qualifies for residential financing, as the fifth unit is detached. The property includes a partial basement with coin-operated laundry and storage, a stamped concrete driveway with ample parking, and separate hydro meters for each unit. Heating is provided by radiant hot water with boilers replaced in November 2022 by Nickason's. The main building features tall ceilings and consists of three two-bedroom units and one one-bedroom unit, with an additional one-bedroom unit above the garage. A reliable on-site tenant currently handles snow removal and lawn care and may be willing to continue. Financials include annual taxes of $8,757.21, gas $3,850.19, insurance $3,626.37, hydro $1,953.51, water and sewer $2,668, and snow and grass $2,366, with additional income from laundry at $1,800 and total rental income of $71,157.96. Note that minor water seepage may occur in the laundry room during spring thaw or heavy rain, draining to the floor drain. Zoned R5.
| Floor | Type | Size |
|---|---|---|
| Second level | Bathroom | 2.64 m x 2.01 m |
| Second level | Bathroom | 2.52 m x 1.66 m |
| Second level | Bathroom | 2.59 m x 1.42 m |
| Second level | Bathroom | 1.76 m x 1.98 m |
| Second level | Bedroom | 3.77 m x 3.77 m |
| Second level | Bedroom | 3.6 m x 3.29 m |
| Second level | Bedroom | 3.02 m x 3.87 m |
| Second level | Bedroom | 3.6 m x 3.09 m |
| Second level | Bedroom | 3.56 m x 3.26 m |
| Second level | Bedroom | 3.56 m x 4.33 m |
| Second level | Bedroom | 3.55 m x 4.68 m |
| Second level | Dining room | 3.91 m x 3.49 m |
| Second level | Family room | 3.91 m x 5.33 m |
| Second level | Family room | 3.79 m x 4.22 m |
| Second level | Kitchen | 3.59 m x 2.57 m |
| Second level | Kitchen | 2.32 m x 2.11 m |
| Second level | Kitchen | 2.29 m x 2.74 m |
| Second level | Laundry room | 3.33 m x 1.48 m |
| Second level | Living room | 6.24 m x 3.6 m |
| Main level | Bathroom | 2.24 m x 2.65 m |
| Main level | Dining room | 3.51 m x 3.62 m |
| Main level | Foyer | 4.1 m x 1.92 m |
| Main level | Kitchen | 2.13 m x 2.97 m |
| Main level | Kitchen | 3.93 m x 3.42 m |
| Main level | Living room | 4.11 m x 4.64 m |
| Main level | Living room | 6.43 m x 4.41 m |
| Main level | Office | 2.13 m x 3.75 m |
| Main level | Office | 3.66 m x 3.89 m |
| Main level | Primary Bedroom | 3.7 m x 5.23 m |
| Main level | Sunroom | 3.28 m x 6.62 m |
| Basement | Other | 3.91 m x 4.43 m |
| Basement | Other | 6.24 m x 5.93 m |
| Basement | Other | 6 m x 6.8 m |
| Basement | Utility room | 3.74 m x 6.46 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
