About 552 7th Avenue
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.
Features of 552 7th Avenue
| MLS® # | X12298874 |
|---|---|
| Price | $849,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Square Footage | 2,000 |
| Type | Residential Freehold |
| Sub-Type | Triplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 552 7th Avenue |
|---|---|
| Area | Grey County |
| Subdivision | Hanover |
| City | Hanover |
| Province | ON |
| Postal Code | N4N 2J7 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Waterfront | None |
| Pool | None |
Interior
| Heating | Radiant |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | Trilliumwest Real Estate Brokerage Ltd |
|---|