124 Alison Avenue , Cambridge
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 billingUtility 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 utilitiesThis 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!
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Other,All Current, 2 Fridges, 2 Stoves, 2 Washers, 2 Dryers, 2 Dishwashers.
124 Alison Avenue , Cambridge, ON N1R 1N4
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124 Alison Avenue is a Residential Income Property located in the city of Cambridge. 124 Alison Avenue has been listed For Sale at $744,900 since Feb 07 2025. This Duplex Up/Down has 5 bedrooms, 2 bathrooms and is 1820.36 sqft. Situated in 24 - Alison Park/Eastview North neighbourhood , with the nearest intersection being Elgin to Alison.
Listing Brokerage: SHAW REALTY GROUP INC. - BROKERAGE 2