120 BEVERLY STREET

Cambridge, Ontario, N1R3Z7, Canada

$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.

EXTRAS: Flat site

Last updated on : Wednesday 8th of January 2025 03:25:22 PM

ADDRESS

Street : 120 BEVERLY STREET

City : Cambridge

Province : Ontario

Country : Canada

Postal Code : N1R3Z7

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PROPERTY SUMMARY

Property ID : X11913759

Building Type : Other

Property Type : Multi-family

Bedrooms : 9 + 5

Bathrooms : 6

Parking : 12

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