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Key Facts
Key facts for 182 12th Street
Property Type
Apartment, 3-Storey
Parking
None 0 garage, 9 parking
MLS #
X12436997
Size
2500-3000 sqft
Basement
Finished,Full
Listed on
2025-10-01
Lot size
77 x 132.0
Tax
$5,947 /yr
Days on Market
1
Approximate Age
100+
Maintenance Fee
-
Description
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.
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