$349,000

Duplex

581 7TH Avenue, Hanover, ON

2 DAYS
2
2
1
1500-2000
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Listed by Royal LePage RCR Realty

Property Highlights

Garage

1 space

Property Tax

$2,104/yr

Age

100+ yrs

Lot Size

< .50 ac

Style

1 1/2 Storey

Basement

Unfinished

Monthly Cost

$1,649/mo

About This Home

Looking to expand your investment portfolio? This solid, brick two-storey offers options-it is currently configured as a duplex (one unit will be vacant end of April) but could easily be converted back to a single-family residence with the removal of one hallway wall. Upgrades include a durable Superior Steel Roof (2021-with 50 year warranty), upper deck redone (2025), Bradford natural gas power vent water heater (2021), windows (approx 2020), upstairs unit -paint, bathroom sink and toilet (2025). The main floor and upper units are both rented on a month-to-month basis with upstairs tenant leaving end of April, offering flexibility for owner occupancy. The main floor tenant is very good and takes care of lawn maintenance, gardens, and snow removal.This unit offers a living room, eat-in kitchen, bedroom, bathroom, office, and a storage room with access to the basment and attached garage/shed. This unit could use decor updates. Upstairs, you'll find a bright and welcoming unit with a living room, bedroom, hall closet/workspace, bathroom, and a sunny kitchen with access to a private deck. Heated by natural gas hot water boiler. Outside, enjoy a spacious backyard with mature trees, partially fenced, covered front porch, two storage sheds and parking for 3 cars. Walking distance to the downtown. Good rate of return at 6.5%. See summer photos.

Monthly Cost

Monthly Mortgage$1,474
Property Tax ($2,104/yr)$175
Total$1,649

Price & Listing History

Schools

Location

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Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage