For sale

$1,150,000

Est. $4,915/mo

•

6 ba

•

View

sq ft

182 12th St, Hanover, ON N4N 1T8

About this home

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!

Multi-familyProperty Type

10,098 sq ftLot Size

9 spacesParking

Listing updated: Mar 26, 2026 at 04:43pm

Redfin checked: 2 minutes ago

•Source:TREB #X12819968

Open houses

No upcoming open houses.

Nearby open houses (4)

Around this home

Schools
Places
Transit

48.9km

École Élémentaire Catholique St-Dominique-Savio

Public, K-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior

Kitchen

Bedroom

Living

Dining

Interior features
Other interior features
Full basement with apartment

Heating & cooling
Natural gas heating
Wall unit air conditioning

Sale and tax history for 182 12th St

Sale History
Tax History

Date

Event

Price

TREB #X12819968

Feb 25, 2026

Listed

$1,150,000

TREB #X12436997

Jan 31, 2026

Delisted

—

Oct 1, 2025

Listed

$1,300,000

+20

Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. 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.

TREB #X7264386

Nov 1, 2023

Listed

$1,349,000

TREB #X6702516

Jul 28, 2023

Listed

$1,448,000

Public record

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Style

Single Family Residential

Region

Grey County

Parking Spaces

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Last updated by owner on Aug 9, 2023.

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