91 Water Street S,Cambridge, ON N1R 3E1
Cambridge, ON N1R 3E1
Description
Whether you're a house-hacker hunting for the perfect place to live in and grow your wealth or a pure investor looking for an amazing investment vehicle (7.91% CAP rate!), this separately metered 4plex is truly a rare opportunity because the tenants pay almost all the utilities use: Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage, Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,822 with 20% down (@ 3.89% 30 yr AM) OR $2,220 with 10% minimum down? Total 5 yr equity position @20% down $759,000, 10 yr equity $1,210,000. Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract and hold onto high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: all units rented are at market. Versatile Layouts: The suite configurations offers you diverse rental options. The composition includes one 3-bedroom, two 2-bedrooms, and one bachelor unit. Plus, there's parking for four vehicles at the rear of the property * Bonus: the City clears the snow on the sidewalk in front of the building. Amazing location! You've got the Grand River right in front of you with access to lots of walking trails including the famous Cambridge To Paris Rail-Trail. WALK to: Downtown 5 min, Cambridge Bus Terminal 6 min, groovy Gaslight District 8 min, U of Waterloo Cambridge 10 min, grocery store 12 min - so near to everything without being in the thick of it. By car you are only 15 min to the 401, 30 min to Hamilton, and an hour to Toronto. No, this one will not be available for long! Grab the brass ring and begin to create generational wealth! (Photos from when renovations were completed in 2024.)
Details
| MLS # | 40834260 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 153 |
| Listing Provided By | Real Estate Homeward | Gordon Charles Springle |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 3,259 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | FC1RM1 |
| Acreage | 0.11 |
| Water Front | Yes |
Interior
| Appliances | Water Heater Owned, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Rooms Total | 18 |
| Interior Features | Separate Hydro Meters, Water Meter |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Baseboard, Electric, Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
Exterior
| Exterior Features | Balcony, Separate Hydro Meters |
|---|---|
| Lot Features | Urban, Ample Parking, High Traffic Area, Public Parking, Public Transit |
| Construction Materials | Brick, Vinyl Siding |
| Roof | Asphalt Shing, Flat |
| Fencing | Full |
| Foundation Details | Concrete Block |
| Waterfront Features | River/Stream |
| Patio And Porch Features | Patio |
| Security Features | Carbon Monoxide Detector(s), Smoke Detector(s), Other |
Parking
| Garage Spaces | 0 |
|---|---|
| Parking Features | Gravel, Other |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 5743 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N1R 3E1 |
| Area | 12 Galt East |
| Subarea | 20 City Core | Wellington |
| Community Name | 20 City Core/Wellington |
| Listing VS Median (in 20 City Core/Wellington) | |
Price: $999,000 low | high Med: $399,000 sqft: 3,259 low | high Med: 765 $ / sqft: $307 low | high Med: $522 On site: 153 low | high Med: 76 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N1R 3E1 |
| Area | 12 Galt East |
| Subarea | 20 City Core | Wellington |
| Community Name | 20 City Core/Wellington |
| Listing VS Median (in 20 City Core/Wellington) | |
Price: $999,000 low | high Med: $399,000 sqft: 3,259 low | high Med: 765 $ / sqft: $307 low | high Med: $522 On site: 153 low | high Med: 76 | |
