REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,599,900
Est. payment /mo
New
120 Beverly ST Cambridge, ON N1R 3Z7
6 Baths
7,006 SqFt
UPDATED:
01/08/2025 07:32 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 7,006 sqft
Price per Sqft $228
MLS Listing ID X11913760
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* . Financials available upon request.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Kitchen 6
Interior
Cooling Partial
Exterior
Garage Spaces 12.0
Utilities Available Yes
Lot Depth 265.56
Listed by Keller Williams Signature Realty, Brokerage