209 10th Street

Welcome to this fantastic opportunity: a Multi-Family Home for sale in Hanover , located at 209 10th Street, Hanover. This impressive two-storey multiplex is situated in a prime area of Grey County, offering an ideal blend of income potential and comfortable living. With its brick exterior and well-maintained structure, this property is not just a home but a smart addition to any investment portfolio.

As you step into this Multi-Family Home for sale in Hanover, you'll discover a total of 11 rooms, comprising three spacious bedrooms and two bathrooms. The layout is thoughtfully designed to maximise space and functionality. The main living area is bright and inviting, perfect for both relaxation and entertaining. The single kitchen is well-equipped, making meal preparation a breeze, although there is no additional kitchen to worry about. The absence of a den and family room allows for a more open feel throughout the living areas, making it easy to adapt the space to your needs.

The property boasts a central air conditioning system, ensuring comfort during those warmer months. However, it does not feature a fireplace, which some may find a charming addition. The heating is provided by a baseboard system, efficiently keeping the home warm during the colder seasons. The Multi-Family Home for sale in Hanover also benefits from municipal water and sewer services, providing peace of mind for any homeowner.

One of the standout features of this property is the income it generates. The current tenants are covering their own utilities, which is a significant advantage for any investor. With three units rented—one commercial unit, one residential unit, and a detached two-car garage also rented—this property generates a remarkable $3,650 per month, amounting to an impressive annual gross income of $43,800. This makes the Multi-Family Home for sale in Hanover an attractive prospect for those looking to invest in real estate.

The commercial space, measuring 1,320 square feet, has been recently updated and is in high demand, thanks to its visibility in the area. This is a key factor for any business looking to thrive. The well-maintained apartment adds further appeal, providing a comfortable living space for tenants. The detached garage, equipped with hydro, is another valuable asset, offering additional income potential.

While the basement is currently unfinished, it presents a fantastic opportunity for storage or future development. The lot measures 16 X 152 feet, providing ample outdoor space without the burden of additional land to maintain. Parking is available with the detached garage, though there is no driveway or additional parking space on the property.

This Multi-Family Home for sale in Hanover is unfurnished, allowing new owners to personalise the space to their liking. The property is low maintenance, having been well taken care of, making it a hassle-free investment. Whether you're looking to expand your portfolio or find a new home with income potential, this property ticks all the boxes.

In summary, 209 10th Street, Hanover, is a remarkable opportunity for anyone seeking a Multi-Family Home for sale in Hanover. With its prime location, impressive income potential, and well-maintained features, this property is not to be missed. Call today to arrange a viewing and see for yourself the possibilities that await in this fantastic investment. Don't let this chance slip away—properties like this are in high demand, and you could be the next proud owner of this exceptional Multi-Family Home for sale in Hanover!

Hanover, a vibrant district within the city of Hanover, Germany, offers a unique blend of urban living and green spaces. Nestled along the banks of the Leine River, this area is characterised by its charming streets, historic architecture, and a lively atmosphere. Residents enjoy easy access to an array of amenities, including shops, cafes, and cultural attractions, all within a short stroll. The nearby Eilenriede, one of Europe’s largest urban forests, provides ample opportunities for outdoor activities and relaxation. With excellent public transport links and a welcoming spirit, Hanover is an ideal place for those seeking a dynamic yet tranquil lifestyle in a bustling city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Hanover Heights Community School, just 1.0 km away, offering a public education in English for grades JK to 6 under the Bluewater District School Board. Similarly, Dawnview Public School, located 1.1 km from the property, provides a French-language curriculum for the same grade levels, also under the Bluewater District School Board. For families seeking a Catholic education, Holy Family School is only 0.4 km away, offering English instruction for grades JK to 8 through the Bruce-Grey Catholic District School Board. All these schools are easily accessible, ensuring that your children can enjoy a quality education without long commutes. The proximity to various schooling options in both English and French caters to diverse educational preferences, enhancing the appeal of this property for potential buyers looking for a family-friendly neighborhood.