120 BEVERLY Street, Waterloo, Ontario
$1,900,000
- 14 Beds
- 6 Baths
- 7,756 Square Feet
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:23309)
- Listing ID: 40680624
- Property Type: Multi-family
- Year Built: 1978
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Listing provided by Keller Williams Signature Realty, Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 120 BEVERLY Street in Waterloo Ontario. It was last modified on November 25th, 2024. Contact Carolyn Rouse to schedule a viewing or to discover other Waterloo real estate for sale.