Was listed for:Expired Aug 25, 2026
$1,150,000

182 12th Street

Hanover, ON N4N 1T8

Multiplex ExpiredNot available

Property not available for sale or for rent.

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Sale & Price History for 182 12th Street, Hanover

2026-02-25
-
Active
Price
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MLS#
X12819974
2026-02-25
2026-08-25
Expired
Price
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MLS#
x12819968
2025-10-01
2026-01-31
Expired
Price
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 182 12th Street, Hanover

Summarized Description

  • Investment opportunity with over 7% cap rate.
  • R5 zoning allows for additional unit development.
  • Historic building with modern upgrades.
  • Turn-key investment with high rental income.
  • Nine parking spaces available for tenants.
  • Split utility structure for cost efficiency.
  • Updated appliances and on-demand hot water system.

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!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$6,294
Land Transfer Tax Fee
$19,475

Rental Items

Under Contract
Hot Water Heater

Basement Type
Apartment, Full

Interior Features

Interior Extras
Other
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
3-Storey

Construction

Exterior Finish
Brick
Roof
Metal
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
76.50 ft
Lot Depth
132.00 ft

Exclusions

Exclusions
tenant belongings

Parking & Garages

Garage Type
None
Garage Spaces
9
Parking Spaces
9
Total Garage And Parking Spaces
9

Heating & Cooling

Heat Source
Gas
Heat Type
Other
Air Conditioning
Wall Unit(s)
Water
Municipal
Sewers
Sewer

Bedrooms
6 + 2
Washrooms
6
Kitchens
6

Room sizes

  • Living Room—
    Second level
  • Kitchen—
    Second level
  • Bedroom—
    Second level
  • Kitchen—
    Main level, Combined w/Living
  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Kitchen—
    Second level
  • Living Room—
    Second level
  • Bedroom—
    Second level
  • Kitchen—
    Main level
  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Kitchen—
    Lower level, Combined w/Living
  • Bedroom—
    Lower level
  • Bedroom—
    Lower level
  • Kitchen—
    Lower level

Washrooms

  • 4-piece, Main
  • 3-piece, Second
  • 3-piece, Lower
  • 4-piece, Second
  • 3-piece, Third

Municipality
Hanover
Neighbourhood
Hanover
Main cross streets
seventh ave and twelfth st
Zoning
R5
Directions
Seventh ave to twelfth st

MLS® number
X12819968
Data source
Toronto Regional Real Estate Board
Status change
2026-08-25
Listed on
2026-02-25
Days on market
181 days
Possession type
Flexible
Co-op commission
2%**
Seller
Listed by
RE/MAX WEST REALTY INC.

Home Market Value

Current home valuation for 182 12th Street, Hanover, Hanover, ON. Listed for $1,150,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 182 12th Street, Hanover

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

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Hanover, ON
Minimum Down Payment Required:7.8%

5% on first $500K + 10% on $650,000 over $500K

Minimum down payment

$90,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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%
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+CMHC insurance
$42,366$32,085$27,370$0
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$1,101,516$1,067,085$1,004,870$920,000
Amortization
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$5,378monthly$5,210monthly$4,906monthly$4,492monthly
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Land Transfer Tax

Provincial

$19,475

Total Land Transfer Tax

$19,475

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