ON > Cambridge
Cambridge, ON N1R 3Z7,120 Beverly ST
Cambridge, ON N1R 3Z7,120 Beverly ST
Cambridge, ON N1R 3Z7,120 Beverly ST
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$1,900,000
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9 BD
6 BA
Pending

120 Beverly ST Cambridge, ON N1R 3Z7

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Keyvan Foroughi

Keyvan Foroughi

+1(416) 702-9055

UPDATED:

12/18/2024 04:35 PM

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 5000 +

MLS Listing ID X10875083

Style 2-Storey

Bedrooms 9

Annual Tax Amount $11,598

Tax Year 2024

Property Description

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*

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement Full, Partially Finished

Kitchen 6

Separate Den/Office 5

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter

Cooling Central Air

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Deck

Parking Features Private Triple

Garage Spaces 12.0

Pool None

View Downtown

Roof Type Asphalt Shingle

Topography Flat

Total Parking Spaces 12

Building

Unit Features Golf,Hospital,Park,Public Transit,Rec./Commun.Centre,River/Stream

Foundation Poured Concrete

Listed by Keller Williams Signature Realty, Brokerage

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Keyvan Foroughi

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+1(416) 702-9055

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120 Beverly ST