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$425,000
Hanover
134 9th Street, Hanover, Ontario, N4N1K6
This multi-family property in Hanover is for sale offering roughly 1,300 sq ft of space.
Great brick duplex in good area of town with market-value rents. Upper unit is rented for $1400 utilities included (Hydro, Gas, Water). Lower unit, which includes the back deck and basement, is $1600 utilities included (Hydro, Gas, Water). Both units included Stove, Fridge, Washer and Dryer. Building has been well maintained and is in great condition. New metal roof 2019. Furnace 2011. As well, the lower unit has a newer kitchen, newer shower and vanity in the bath room, a newer closet in the bedroom, newer entrance door and newer washer and dryer. The upper unit has a newer entrance door, newer washer and dryer, and a newer range hood. The property has a large yard with storage shed and a double-wide driveway. Great investment property! Affordable 1st time investment opportunity - you live in one unit and let the other help pay your mortgage! Hydro Costs $855 (2024). Gas Costs $1085 (2024). Water/Sewage Costs $1500 (2024). (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 577 days on market, against an average age of 116 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 73 days on the market over the past year, against a median of 48 days across the markets we publish.
This 2-bed multi-family in Hanover is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $425,000, about 5.8× the local median household income of $73,000.
Carrying it typically needs a household income of about $83,017 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4N)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
