120 Beverly Street Cambridge, Ontario N1R 3Z7
$1,599,900
Rarely Offered Townhouse Complex featuring six independent units in the heart of Cambridge! This unique investment opportunity features 6 two-storey townhomes under one title. Comprising two 3-bedroom and four 2-bedroom units with a total of 7,006sf of living space, full basements, and 12 parking spaces. Each unit comes with a spacious 1,150sf layout, independent laundry, and separate water, gas, and hydro meters, ensuring tenants pay all utilities. Built in 1978 (Units A-D) and 2002 (Units E-F), two units are fully renovated, leaving room for further improvements. The large floorplans offer potential for conversion, allowing for additional bedrooms or units to increase rental income. Current gross income of $104,355 and potential upside of 68% increase in rents to $175,080. This property offers strong cash flow and significant equity growth potential, making it a rare find for investors looking to maximize returns. Attract quality tenants and strong rental income located in the growing area of Galt, close to Dundas and Hespeler with easy access to Highway 401 and Highway 8, close to major shopping centers and future Ion LRT stops. *Some photos have been virtually staged*. Financials available upon request. (id:35492)
Property Details
| MLS® Number | X11913759 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Public Transit |
| Community Features | Community Centre |
| Features | Flat Site |
| Parking Space Total | 12 |
| Structure | Deck |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 5 |
| Bedrooms Total | 14 |
| Amenities | Fireplace(s), Separate Heating Controls, Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding, Brick |
| Fireplace Present | Yes |
| Fireplace Total | 2 |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 265 Ft ,7 In |
| Size Frontage | 70 Ft ,2 In |
| Size Irregular | 70.2 X 265.6 Ft |
| Size Total Text | 70.2 X 265.6 Ft|under 1/2 Acre |
| Surface Water | River/stream |
| Zoning Description | Rm4 |
https://www.realtor.ca/real-estate/27780163/120-beverly-street-cambridge
Contact Us
Contact us for more information
Jake Novis
Salesperson
245 Wyecroft Rd - Suite 4b
Oakville, Ontario L6K 3Y6
(905) 844-7788
(905) 784-1012
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January 08 2025 08:25:22
The Oakville Milton & District Real Estate Board
Keller Williams Signature Realty, Brokerage