134 9th Street

Introducing a remarkable opportunity: a Multi-Family Home for sale in Hanover , located at 134 9th Street, Hanover. This charming brick duplex, situated in a desirable area of town within Grey County, offers an excellent investment potential with market-value rents already established. The property, boasting a solid 100+ years of age, has been meticulously maintained, ensuring that it remains in great condition for its new owners.

This Multi-Family Home for sale in Hanover features two well-appointed units, both currently rented, making it an ideal choice for investors seeking immediate returns. The upper unit is rented at a competitive rate of £1,281.25, with tenants responsible for 40% of the total utilities, which include Hydro, Gas, and Water. Meanwhile, the lower unit, which benefits from a lovely back deck and a full basement, commands a rental price of £1,600, inclusive of all utilities. Each unit is equipped with essential appliances, including a stove, fridge, washer, and dryer, ensuring that tenants have all they need for comfortable living.

The layout of this Multi-Family Home for sale in Hanover is both practical and appealing. With a total of eight rooms, including two bedrooms and two bathrooms, this property caters to a variety of living arrangements. The building style is a 1 1/2 storey multiplex, featuring a combination of brick and vinyl siding on the exterior, providing both durability and aesthetic charm. The property is unadorned, allowing for personal touches and enhancements by its new owners.

As you explore the details of 134 9th Street, Hanover, you will appreciate the thoughtful updates that have been made over the years. The lower unit has been particularly enhanced, featuring a newer kitchen, a modern shower and vanity in the bathroom, and a contemporary closet in the bedroom. Additionally, the entrance door and washer and dryer have also been updated, ensuring convenience for the tenants. The upper unit has not been overlooked either, with a newer entrance door, washer and dryer, and a range hood that adds to the functionality of the space.

One of the standout features of this Multi-Family Home for sale in Hanover is the expansive outdoor area. The property boasts a large yard, perfect for outdoor activities or potential landscaping projects. Additionally, a storage shed is available for tenants or owners to utilise, providing extra space for belongings. The private double driveway accommodates two parking spaces, making it easy for tenants to come and go without hassle.

It is important to note that this property does not include a garage, nor is there a pool or central vacuum system. However, the absence of these features does not detract from the overall appeal of the Multi-Family Home for sale in Hanover. The property is connected to municipal water and sewer services, ensuring reliable access to essential utilities. The heating system is forced air, providing efficient warmth during the colder months.

In summary, 134 9th Street, Hanover, presents a fantastic investment opportunity for those looking to enter the property market or expand their portfolio. With both units currently rented and generating income, this Multi-Family Home for sale in Hanover is not only a sound financial decision but also a chance to live in one unit while allowing the other to assist with mortgage payments. This affordable first-time investment opportunity is not to be missed. Seize the chance to own a piece of Hanover’s real estate and make this property your own!

Hanover, a vibrant district within the city of Hanover, Germany, offers a unique blend of urban charm and natural beauty. Nestled alongside the banks of the River Leine, this area is characterised by its picturesque parks, such as the expansive Stadtpark, which invites residents to enjoy leisurely strolls and outdoor activities. The neighbourhood boasts a rich cultural scene, with a variety of cafes, restaurants, and shops that reflect the city's diverse heritage. Excellent public transport links ensure easy access to the city centre and beyond, making Hanover an ideal location for those seeking a lively yet relaxed atmosphere. With its friendly ambience and a strong sense of local identity, Hanover is a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance of just 0.6 km, Holy Family School offers a Catholic education for grades JK to 8, taught in English. For those preferring public education, both Hanover Heights Community School and Dawnview Public School are situated approximately 1.2 km away. Hanover Heights Community School provides instruction in English for grades JK to 6, while Dawnview Public School offers a French-language curriculum for the same grade range. All schools are governed by reputable school boards, with Hanover Heights and Dawnview under the Bluewater District School Board and Holy Family School under the Bruce-Grey Catholic District School Board. While the schools currently do not have a rating, their proximity to the property enhances the appeal for families seeking accessible educational options. Overall, this location offers a variety of schooling choices that cater to different language preferences and educational philosophies, making it a suitable environment for children to thrive academically.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 610 residents and an average household size of 2.3 individuals. The average age of residents is 38.5 years, indicating a relatively mature population. The average household income stands at $78,000, with 12% of the population classified as low-income. Housing prices in the area average around $480,000, reflecting the local real estate market dynamics. A significant portion of the population, 52.04%, is single, while 43.75% of households include children, suggesting a mix of family types. Renters make up a substantial 55.36% of the housing market, with only 3.57% of properties being condominiums. Educational attainment is notable, with 38.61% of residents holding a college or university degree. However, a considerable 28.71% of the population is not in the labor force, which may indicate a range of factors including retirement or other personal circumstances. Additionally, the community is home to a small percentage of immigrants, accounting for 3.76% of the population. Overall, the area presents a diverse demographic landscape with a blend of families, singles, and educationally inclined residents.