120 Beverly St
$1,900,000
$1,900,000

120 Beverly St

Cambridge, Waterloo $1,900,000

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9+5 Beds
6 Baths
5000+ sqft
Parking for 12
W Facing
Zoning: RM4
MLS®#:
X10875083
Property Type:
Multiplex
Property Style:
2-Storey
Area:
Waterloo
Community:
Taxes:
$11,598 / 2024
Added:
November 25 2024
Lot Frontage:
70.19
Lot Depth:
265.56
Status:
Active
Outside:
Alum Siding
Year Built:
31-50
Basement:
Full Part Fin
Brokerage:
Keller Williams Signature Realty, Brokerage
Lot (Feet):

265

70

BIG LOT

Intersection:
Dundas / Beverly
Rooms:
32
Bedrooms:
9+5
Bathrooms:
6
Fireplace:
Y
Utilities
Water:
Municipal
Cooling:
Central Air
Heating Type:
Forced Air
Heating Fuel:
Gas

Listing 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*


Property Features

Golf
Hospital
Park
Public Transit
Rec Centre
River/Stream

Sale/Lease History of 120 Beverly St

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
Aravinth R. Listo Expert