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.
For sale
C$849,000
552 7th Ave, Hanover, ON N4N 2J7
6beds
3baths
2,200sqft
Multi-3 Unit, Multi Family
Built in 1912
-- sqft lot
$-- Zestimate®
C$386/sqft
C$-- HOA
What's special
New windows
- 7 days
- on Zillow |
- 6 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 07:56am
Listed by:
Wesley Cressman, Salesperson,
TrilliumWest Real Estate Brokerage
Source: ITSO,MLS®#: 40748580Originating MLS®#: Waterloo Region Association of REALTORS® (WRAR)
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Natural Gas, Radiator, Other
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Stove, Washer
- Laundry: In-Suite
Features
- Brick & Beam, None
- Basement: Separate Entrance,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
- Finished area above ground: 2,200
Property
Parking
- Total spaces: 8
- Parking features: Outside/Surface/Open
- Uncovered spaces: 8
Features
- Frontage type: West
- Frontage length: 66.00
Lot
- Size: 9,670.32 Square Feet
- Dimensions: 66 x 153
- Features: Rectangular, City Lot
Details
- Parcel number: 372050059
- Zoning: R1A11
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-3 Unit, Multi Family
Materials
- Brick
- Foundation: Stone
- Roof: Asphalt Shing
Condition
- 100+ Years
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Location
- Region: Hanover
Financial & listing details
- Price per square foot: C$386/sqft
- Annual tax amount: C$4,696
- Date on market: 7/21/2025
- Inclusions: None
- Exclusions: All Tenant Belongings.
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