182 12TH STREET

Hanover, , N4N1T8, Canada

$1,300,000

Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. With nine parking spaces and a split utility structure (landlord pays water/sewer, tenants pay hydro; main floor and second level units pay gas heat, landlord pays in-floor gas heat in two level units), this is a turn-key investment.

EXTRAS: Refrigerator, Water meter, Stove, Water Treatment, Water Heater - Tankless, Water Heater

Last updated on : Monday 27th of October 2025 09:00:49 PM

ADDRESS

Street : 182 12TH STREET

City : Hanover

Country : Canada

Postal Code : N4N1T8

Open in Google Map

PROPERTY SUMMARY

Property ID : X12436997

Building Type : Other

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 6

Parking : 9

Parking Type: No Garage

Similar Properties

Multi-family

345 LOUISA STREET

Kitchener, Ontario, N2H5N1

$1,499,000

Beds: 8Baths: 7

property Type: Other

type: Sale

Anna Kalbarczyk
2 months ago

DETAILS

Multi-family

839 STIRLING AVENUE SOUTH SOUTH

Kitchener, Ontario, N2M3K4

$870,000

Beds: 8Baths: 4

property Type: Fourplex

type: Sale

Erik Erwin
4 days ago

DETAILS

Multi-family

839 STIRLING AVENUE SOUTH SOUTH

Kitchener, Ontario, N2L2M6

$870,000

Beds: 8Baths: 4

property Type: Fourplex

type: Sale

ERIK ERWIN
4 days ago

DETAILS

Multi-family

416 GILL STREET

Orillia, Ontario, L3V4K6

$1,299,000

Beds: 8Baths: 4

property Type: Fourplex

type: Sale

GERRY KEENAN
1 month ago

DETAILS

Multi-family

433 SECOND STREET

London East (East H), Ontario, N5W4T2

$575,000

Beds: 8Baths: 3

property Type: Duplex

type: Sale

VICKI BURBANK
5 months ago

DETAILS

Inquire about this property