120 Beverly Street, Cambridge | Image 1

120 Beverly Street

Cambridge

  • 9 bed 6 bath 5000 sqft
$1,900,000 est.*: $6,436/mo
For Sale

Added 2 days ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Size: 5000 sqft

  • Lot Size: 70.19 x 265.56 Feet

  • Age: 31-50 years

  • Taxes: $11,598 per year

  • Added: Nov 25, 2024 (2 days ago)

  • Updated:

  • Last Checked: 1 day ago

  • MLS®#: X10875083

  • Listed By: Keller williams signature realty

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.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Size (sq ft): 5000

  • Age: 31-50

  • Area: Cambridge

  • Availability Date: Flexible

  • Assessment Amount: $836,000

  • Assessment Year: 2024

Inside

  • Bedrooms: 9

  • Bedrooms Plus: 5

  • Bathrooms: 6

  • Kitchens: 6

  • Rooms: 32

  • Den/Family Room: Yes

  • Air Conditioning: Central Air

  • Fireplace: Yes

  • Laundry Level: Lower

  • Washrooms: 6

Building

  • Basement: Full

  • Basement 2: Part Fin

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Alum Siding

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Other

Parking

  • Garage Type: None

  • Covered Parking Spaces: 12

  • Total Parking Spaces: 12

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 7 W/S BEVERLY ST & N/S KERR ST PL 615 CAMBRIDGE; PT LT 7 P

  • Taxes: $11,598

Highlights

  • Feature: Golf

  • Feature: Hospital

  • Feature: Park

  • Feature: Public Transit

  • Feature: Rec Centre

  • Feature: River/Stream

Land

  • Cross Street: Dundas / Beverly

  • Municipality District: Cambridge

  • Fronting On: West

  • Parcel Number: 038140379

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 265.56 Feet

  • Lot Frontage: 70.19 Feet

  • Acres: < .50

  • Zoning: RM4

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Very Walkable

  • Most errands can be accomplished on foot.
84 /100

Good Transit

  • Some errands can be accomplished by public transportation.
53 /100

Very Bikeable

  • Most errands can be accomplished on bike.
70 /100
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Map of 120 Beverly Street, Cambridge
JK-8

St Peter Catholic Elementary School

Elementary: Catholic
1.53 km
JK-6

Central Public School

Elementary: Public
0.79 km
JK-6

Manchester Public School

Elementary: Public
0.87 km
JK-8

St Anne Catholic Elementary School

Elementary: Catholic
0.69 km
JK-8

Avenue Road Public School

Elementary: Public
1.74 km
JK-8

Stewart Avenue Public School

Elementary: Public
1.79 km
Pre-Grade 9-12

Southwood Secondary School

Secondary: Public
2.84 km
Pre-Grade 9-12

Glenview Park Secondary School

Secondary: Public
2.01 km
Pre-Grade 9-12

Galt Collegiate and Vocational Institute

Secondary: Public
1.00 km
9-12

Monsignor Doyle Catholic Secondary School

Secondary: Catholic
2.74 km
Pre-Grade 9-12

Jacob Hespeler Secondary School

Secondary: Public
5.98 km
9-12

St Benedict Catholic Secondary School

Secondary: Catholic
3.14 km
57-63 Beverly Street, Cambridge | MLS: X9375621
For Sale
1 month ago
$1,850,000
  • 5 bath
  • 9 bed

57-63 Beverly Street, Cambridge, Ontario • N1R 3Z6 • Cambridge