120 Beverly Street, Cambridge, ON

$1,599,900
MLS#:X11913759
14 beds
6 baths
5000 + sqft
12.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $1,599,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 14 Bedrooms and 6 Bathrooms with 6 functional kitchens
  • Generous living space spanning 5000 + sqft on a premium 70.19 x 265.56 ft lot
  • Features a ["full", "partially finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 12.0 total parking spaces available
  • Notable attributes: Separate Heating Controls, Separate Hydro Meter
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

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.

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Key Features

Bedrooms
14
Bathrooms
6
Kitchens
6
Living Area
5000 + sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 21, 2025
Sold price information is available to members only
Listed Date1/8/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionAluminum Siding, Brick
Lot Size70.19 × 265.56 Feet
CountyWaterloo
Annual Tax$11,598
Legal DescriptionPT LT 7 W/S BEVERLY ST & N/S KERR ST PL 615 CAMBRIDGE; PT LT 7 PL 449 CAMBRIDGE PT 1, 67R2966; CAMBRIDGE

Parking & Garage

Parking Spaces12.0
Garage Spaces12
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Golf, Hospital, Park, Public Transit, Rec./Commun.Centre, River/Stream

Community Features

Location

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120 Beverly Street, Cambridge, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Cambridge.

Verified Local Data
Population575,847
Median Age38 Yrs
Ownership65% Owners
Avg Area List Price$744,762

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Manchester
Public455 Dundas Street North, Galt, Cambridge, Ontario, N1R 5R5
4.7

Secondary Schools

Galt
Public200 Water Street North, Galt, Cambridge, Ontario, N1R 6V2
5.9
St. Benedict
Catholic50 Saginaw Parkway, Cambridge, Ontario, N1R 5W1
6.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 120 Beverly Street, Cambridge, ON N1R 3Z7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,279,920
Monthly Mortgage$7,437
Property Tax (Est.)$967
Utilities & Maint.$350
Total Monthly Cost$8,754

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Cambridge.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.