124 ALISON Avenue, Cambridge, Ontario
$769,900
- 5 Beds
- 2 Baths
- 1,820 Square Feet
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:23309)
- Listing ID: 40696251
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
The AJ Collective would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact the AJ Collective, who specializes in Cambridge real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let the AJ Collective find a property to match your lifestyle.
Listing provided by SHAW REALTY GROUP INC. - BROKERAGE 2
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
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 124 ALISON Avenue in Cambridge Ontario. It was last modified on February 7th, 2025. Contact the AJ Collective to schedule a viewing or to discover other Cambridge real estate for sale.