581 7th Avenue Hanover, Ontario N4N 2J9
$349,000
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), 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. (id:62379)
Property Details
| MLS® Number | X12845074 |
| Property Type | Multi-family |
| Community Name | Hanover |
| Parking Space Total | 3 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 2 |
| Bedrooms Total | 2 |
| Age | 100+ Years |
| Appliances | Water Heater, All, Dryer, Stove, Washer, Two Refrigerators |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 145 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 145 Ft |
| Size Total Text | 66 X 145 Ft|under 1/2 Acre |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29427180/581-7th-avenue-hanover-hanover
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March 04 2026 06:49:21
The Lakelands Association of REALTORS®
Royal LePage Rcr Realty