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$ 744,900
Est. payment /mo
Active
124 ALISON Avenue Cambridge, ON N1R1N4
5 Beds
2 Baths
1,820 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,820 sqft
Price per Sqft $409
Subdivision 24 - Alison Park/Eastview North
MLS® Listing ID 40696251
Bedrooms 5
Originating Board Cornerstone - Waterloo Region
Property Sub-Type Freehold
Property Description
Prime Legal Conforming Duplex in Cambridge – Investment Opportunity! Welcome to 124 Alison Avenue, Cambridge, a fully legal and conforming duplex with a complete conversion completed in 2023. This 3+2 bedroom property is a fantastic investment opportunity, offering strong rental income potential. Property Features: - Main Unit: 3 bedrooms, last rented for $2,400/month - Lower Unit: 2 bedrooms, last rented for $1,895/month (Currently Rented) - Separate Hydro Meters for each unit - Tenant-Paid Utilities: Gas & Water costs are covered by the tenants, with a 60/40 split (Upper/Lower) Renovations & Updates: - Downstairs unit was fully renovated, including: - New kitchen, bathroom, flooring, and bedrooms - Egress window added in the kitchen for safety and natural light - Hydro meters separated for independent utility billing Utility Breakdown & Operating Costs: - Water Expenses: - Total Yearly Cost: $1,108.12 - Average Monthly Cost: $92.33 - Gas Expenses: - Total Yearly Cost:$1,299.20 - Average Monthly Cost: $108.27 - Water Expenses: - Total Yearly Cost: $1,227.71 - Average Monthly Cost: $102.31 - Tenants responsible for hydro (separate meters) and a portion of utilities This turnkey duplex is ideal for investors looking for strong cash flow and minimal maintenance. Conveniently located near schools, parks, and essential amenities, this is an opportunity you don't want to miss! For more details or to schedule a viewing, reach out today! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features Yes
Fence Fence
Community Features Quiet Area, Community Centre
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/124_alison_avenue_cambridge_on/
Listed by SHAW REALTY GROUP INC. - BROKERAGE 2
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