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488 10th Avenue Hanover, Ontario N4N 2P3

2465 sqft
None Baseboard Heaters, Forced Air

$399,900

Outstanding investment opportunity awaits you! Whether you're a seasoned investor, or new to investment properties, this could be for you! This building generates a strong rate of return with a fully tenanted commercial unit and two fully tenanted residential units that generates a cap rate over 8%. Updates Included: Flat roof over print shop (2024), Asphalt shingles over main structure (2021), some eaves trough replaced (2024), exterior vinyl siding (2026), furnace approximately 15 years old, newer vinyl windows. 2 car parking, all 3 units are separately metered for hydro, HWT Owned. (id:13139)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X14173634
Property Type Multi-family
Community Name Hanover
AmenitiesNearBy Highway
Features Irregular Lot Size
ParkingSpaceTotal 2

Building

Age 100+ Years
CoolingType None
HeatingFuel Natural Gas
HeatingType Baseboard Heaters, Forced Air
SizeExterior 2465 Sqft
SizeInterior 2465 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Highway
Sewer Sanitary Sewer
SizeDepth 80 Ft ,3 In
SizeFrontage 30 Ft ,8 In
SizeIrregular Bldg=30.7 X 80.27 Ft
SizeTotalText Bldg=30.7 X 80.27 Ft
ZoningDescription C1

https://www.realtor.ca/real-estate/30505495/488-10th-avenue-hanover-hanover

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