182 12th Street
Hanover, ON
- 2,806 sqft
- Investment
- 190 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
- Age
- 100+
- Lot Size
- 76.5 x 132 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- seventh ave and twelfth st
- Zoning
- R5
- Parcel Number
- 372050053
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- tenant belongings
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
Commercial in Hanover · last 12 months
- Median sold price
- $517,000
- Homes sold
- 115
- Median days on market
- 44
- Sale-to-list price
- 96.8%
Based on 115 recorded sales of commercial properties in Hanover over the last 12 months.
Listed by
RE/MAX WEST REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 2,806 sq ft
- Price per sq ft
- $409.84
- Annual property tax
- $6,294
- Tax per sq ft
- $2.24
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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