120 Beverly Street, Cambridge, ON
Property no longer active
This property was sold on January 21, 2025. This listing is for reference purposes only. to view the sold price.
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
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. *Some photos have been virtually staged*. Financials available upon request.
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Property Summary
This multiplex located at 120 Beverly Street, Cambridge is currently for sale and has been available on SousaSells for 575 days. This property is listed at $1,599,900 with an estimated mortgage of $5,325* per month. It has 14 beds, 6 bathrooms, and is 5000 + square feet. 120 Beverly Street, Cambridge
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 14 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Cambridge.
- •14 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Cambridge.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Golf
- Hospital
- Park
- Public Transit
- Rec./Commun.Centre
- River/Stream
Interior Features
- Separate Heating Controls
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 120 Beverly Street, Cambridge, ON
Q.What is the asking price for 120 Beverly Street, Cambridge, ON ?
The current listing price for 120 Beverly Street, Cambridge, ON in Cambridge is $1,599,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 14 bedrooms and 6 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 120 Beverly Street, Cambridge, ON ?
120 Beverly Street, Cambridge, ON is a Multiplex (2-Storey) featuring a Full, Partially Finished basement.
Q.What key property features does 120 Beverly Street, Cambridge, ON offer?
Key property features include: Golf, Hospital, Park, Public Transit, Rec./Commun.Centre, River/Stream.
Q.What interior features are included in this home?
Interior highlights include: Separate Heating Controls, Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 12.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 120 Beverly Street, Cambridge, ON N1R 3Z7
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cambridge, ON
For a property listed at $1,599,900 in Cambridge, the legal minimum down payment is $319,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $28,473 for this transaction. As this listing is in Cambridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $28,473.
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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.