182 12th Street
Hanover, ON
- 8 bed
- 6 bath
- approx. 2500-3000 sqft
- Multiplex
- 182 days on market
Amazing 6 plex investment opportunity close to GTA featuring a cap rate over 7% and room for more growth. This property has R5 zoning, offering the potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, with a six figure income there is great return on the property with market rate rents. Property was formerly the Hanover Lutheran Church, the building retains historic charm with modern upgrades, including an on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades all within the past few years. 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 with the only thing missing being you!
Listing Details
- Taxes (2026)
- $6,294
- Listed
- February 25, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Metal
- Foundation
- Stone
- Interior
- Other
- Lot Size
- 76.5 x 132 Feet
Parking
- Garage
- None
- Covered Spaces
- 9
- Total Parking
- 9
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- seventh ave and twelfth st
- Zoning
- R5
- Parcel Number
- 372050053
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- tenant belongings
Schools
Elementary
- Holy Family Separate School0.8 km
Catholic · Bruce-Grey CDSB · 345 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Hanover Heights Community School0.9 km
Public · Bluewater DSB · 395 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 36% met the provincial standard
- Dawnview Public School1.3 km
Public · Bluewater DSB · 195 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 28% met the provincial standard
Secondary
- John Diefenbaker Senior School1.7 km
Public · Bluewater DSB · 625 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N4N
- Population
- 10,341
- Private dwellings
- 4,849
- Median age
- 49.6
- Average household size
- 2.3
- Median household income
- $73,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Hanover · last 12 months
- Median sold price
- $515,950
- Homes sold
- 112
- Median days on market
- 44
- Sale-to-list price
- 96.8%
Based on 112 recorded sales of residential freehold properties in Hanover over the last 12 months.
Rooms
4-piece on Main, 3-piece on Second, 3-piece on Lower, 4-piece on Second, 2 × 3-piece on Third
Second
- Bedroom12' x 11'
- Bedroom11' x 10'
- Kitchen14' x 11'
- Kitchen15' x 7'
- Living Room14' x 11'
- Living Room13' x 11'
Main
- Bedroom10'6" x 7'
- Bedroom12' x 9'
- Bedroom11' x 9'
- Bedroom11' x 10'
- Kitchen18' x 11'
- Kitchen20' x 12'
Lower
- Bedroom12' x 8'6"
- Bedroom12' x 11'
- Kitchen18' x 12'
- Kitchen26' x 12'6"
Listed by
RE/MAX WEST REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$230,000
Estimated Monthly Payment
$5,650
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,650/mo (20% down, 5.5%)
Taxes: $525/mo · Insurance: $288/mo
Estimates only. Consult a financial advisor.
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