About 552 7th Avenue
Amazing investment opportunity. A fully-renovated triplex, offering a total of 3 units, each with 2 bedrooms and 1 bathroom, spanning 2200 SQFT. This property is not only occupied at market rents per unit but also comes with approved site plans to add 3 more units, doubling the income potential. Additional features include separate meters for each unit, fully renovated with new windows in the existing triplex. Building plans, permits, and a detailed proforma are readily available. This is a prime investment opportunity for both new and seasoned investors, with all the groundwork already laid out. 2021 narrative appraisal completed for potential 3 unit addition available upon request.
Features of 552 7th Avenue
| MLS® # | 40748580 |
|---|---|
| Price | $849,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Square Footage | 2,200 |
| Acres | 0.22 |
| Year Built | 1912 |
| Type | Residential Income |
| Sub-Type | Multi-3 Unit |
| Status | Active |
Community Information
| Address | 552 7th Avenue |
|---|---|
| Area | Hanover |
| Subdivision | Hanover |
| City | Hanover |
| County | Grey |
| Province | ON |
| Postal Code | N4N 2J7 |
Amenities
| Parking Spaces | 8 |
|---|---|
| # of Garages | 0.00 |
| Is Waterfront | No |
Interior
| Interior Features | Brick & Beam, None |
|---|---|
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Heating | Natural Gas, Radiator, Other |
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Separate Entrance, Full, Unfinished |
Exterior
| Lot Description | Rectangular, City Lot |
|---|---|
| Roof | Asphalt Shing |
| Construction | Brick |
| Foundation | Stone |
Additional Information
| Date Last Updated | October 16th, 2025 |
|---|---|
| Zoning | R1A11 |
Listing Details
| Office | TrilliumWest Real Estate Brokerage |
|---|