124 Alison Avenue Cambridge, Ontario N1R 1N4
$769,900
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 - 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:42029)
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Property Details
| MLS® Number | 40696251 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| CommunityFeatures | Quiet Area, Community Centre |
| EquipmentType | Water Heater |
| Features | Paved Driveway |
| ParkingSpaceTotal | 5 |
| RentalEquipmentType | Water Heater |
| Structure | Porch |
Building
| BathroomTotal | 2 |
| BedroomsTotal | 5 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1820.36 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Carport |
Land
| AccessType | Highway Access |
| Acreage | No |
| FenceType | Fence |
| LandAmenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 150 Ft |
| SizeFrontage | 55 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R4 |
https://www.realtor.ca/real-estate/27890569/124-alison-avenue-cambridge
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Shaw Hasyj
Salesperson
135 George St. N. Unit #201
Cambridge, Ontario N1S 5C3
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February 07 2025 04:33:57
Kitchener-Waterloo Association of REALTORS®
Shaw Realty Group Inc.