$ 1,900,000
120 BEVERLY Street Waterloo, ON N1R3Z7
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$ 1,900,000
Est. payment | /mo
14 Beds
6 Baths
7,756 SqFt
$ 1,900,000
Est. payment | /mo
14 Beds
6 Baths
7,756 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,756 sqft
Price per Sqft $244
Subdivision 20 - City Core/Wellington
MLS® Listing ID 40680624
Bedrooms 14
Originating Board The Oakville, Milton & District Real Estate Board
Year Built 1978
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. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters, , Forced air,
Cooling Central air conditioning, Wall unit
Exterior
Garage No
Community Features Community Centre, School Bus
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Keller Williams Signature Realty, Brokerage