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120 Beverly St

Beverly St, Downtown Cambridge, Cambridge, ON, N1R 3Z7

14
Beds
6
Baths
7,756
Sq. Ft.
$1,900,000
List Price
Details
Photos
35
Comparables
History
120 Beverly St, Cambridge, ON - 1 of 3
120 Beverly St, Cambridge, ON - 2 of 3
120 Beverly St, Cambridge, ON - 3 of 3
New
1 day on market

Quick Summary

  • Rare investment opportunity with 6 townhomes
  • Spacious 1,150sf layouts with full basements
  • Potential for conversion and additional units
  • Strong cash flow with $104,355 gross income
  • Significant equity growth potential
  • Attractive location near major highways and LRT
  • Separate utilities for each unit
  • Two fully renovated units

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... Show More

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. (id:54626)

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Property Details

Size

7,756 sq. ft.
across 2 floors
14 Beds
6 Baths
6 Full

Parking

12 Parking Spaces
-

Lot

Size
840′0″ * 3192′0″
Acres
-

Build

Year Built
1978
Model Name
-
Basement
Partially finished
Exterior
Aluminum siding, Brick Veneer
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard heaters, Forced air
Cooling
Central air conditioning, Wall unit

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40680624
Last Updated
November 25, 2024
Brokerage
Keller Williams Signature Realty, Brokerage
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Call us 800-591-0566

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