Sold for:Sold Jan 20, 2025
$1,599,900

120 Beverly Street

Cambridge, ON N1R 3Z7

Multiplex SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 120 Beverly Street, Cambridge

2025-01-08
2025-01-21
Sold
Price
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MLS#
x11913759
2024-11-25
2025-01-08
Terminated
Price
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 120 Beverly Street, Cambridge

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$11,598
Land Transfer Tax Fee
$28,473

Rental Items

Rental Equipment
3 x Hot Water Tanks

Basement Type
Full, Partially Finished

Interior Features

Laundry Level
Lower Level
Interior Extras
Separate Heating Controls, Separate Hydro Meter
View
Downtown
Fireplace/Stove
Yes
Fireplace Features
Natural Gas
Elevator
No

Exterior Features

Exterior Extras
Deck
Pool
None
Property Features
Golf, Hospital, Park, Public Transit, Rec./Commun.Centre, River/Stream

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
31-50

Construction

Exterior Finish
Aluminum Siding, Brick
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Other

Lot

Lot Front
70.19 ft
Lot Depth
265.56 ft
Lot Shape
Rectangular

Inclusions

Inclusions
Unit A: Fridge, Dishwasher, Stove, Washer, Dryer. Unit D: Fridge, Dishwasher, Stove, Washer, Dryer. Unit E: Stove

Exclusions

Exclusions
Tenant belongings and all other appliances not listed in inclusions.

Parking & Garages

Garage Type
None
Garage Spaces
12
Parking Spaces
12
Total Garage And Parking Spaces
12

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
9 + 5
Washrooms
6
Kitchens
6
Family / bonus room
Yes

Washrooms

  • 4-piece, Second

Municipality
Cambridge
Main cross streets
Dundas / Beverly
Zoning
RM4

MLS® number
X11913759
Data source
Toronto Regional Real Estate Board
Status change
2025-01-21
Listed on
2025-01-08
Days on market
13 days
Possession type
Immediately
Co-op commission
2%+HST
Seller
Listed by
Keller Williams Signature Realty, Brokerage

Home Market Value

Current home valuation for 120 Beverly Street, Cambridge, , . Listed for $1,599,900

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 120 Beverly Street, Cambridge

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Minimum down payment

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$1,279,920$1,199,925$1,119,930$1,039,935
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$6,249monthly$5,859monthly$5,468monthly$5,077monthly
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Land Transfer Tax

Provincial

$28,473

Total Land Transfer Tax

$28,473

Around this home

7/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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