120 Beverly St - Apartments FOR SALE


Cambridge, ON N1R 3Z7
$1,599,000 CAD
226-921-8881
120 Beverly St, Cambridge, ON for Sale
$1,599,000 CAD
Apartments - FOR SALE
1/35
null | 4.48% Cap Rate

120 Beverly St
Cambridge, ON N1R 3Z7


HIGHLIGHTS

  • 6 Two-Storey Townhomes on one title
  • Suite mix: 4 x 2-Beds / 2 x 3-Beds / 7000sf living space
  • Tenants pay all utilities with separate gas/hydro/water meters
  • 12 Parking Spaces

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,599,000 CAD

PRICE/SF

$161 CAD /SF

# OF UNITS

6

PRICE/UNIT

$266,500

CAP RATE

4.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

RM4

APN/PARCEL ID

038140379

ASK ABOUT THIS PROPERTY

Jake NovisKeller Williams Signature RealtyMore Info
226-921-8881

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Jake NovisKeller Williams Signature RealtyMore Info
226-921-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.