91 WATER STREET S, Cambridge, Ontario, N1R 3E1

$999,000

MLS® # X13225358

Investment For Sale In City Core, Cambridge, Ontario

$999,000

Property Information:

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.) (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Amenities: Separate Hydro Meters
  • Basement Type: None
  • Exterior Finish: Brick, Vinyl siding
  • Floor Space: 3000 - 3500 sqft
  • Flooring Type: Laminate
  • Foundation Type: Block
  • Heating Type: Baseboard heaters, Forced air
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: None
  • Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 7
  • Bathrooms: 4
  • Amenities Nearby: Public Transit
  • Features: Lane, Paved yard
  • Fence Type: Fenced yard
  • Floor Space (approx): 3000 - 3500 Square Feet
  • Irregular: Yes
  • Lot Depth: 151.8 Feet
  • Lot Frontage: 31.8 Feet
  • Lot Size: 31.9 x 151.8 FT
  • Structure Type: Patio(s)
  • Surface Water:
  • Zoning: FC1RM1
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Rooms:

  • Bedroom 2nd Level 2.30 m x 3.50 m
  • 2nd Bedroom 2nd Level 3.00 m x 3.60 m
  • Laundry 2nd Level 3.70 m x 3.20 m
  • Living 2nd Level 5.50 m x 4.00 m
  • Kitchen 2nd Level 3.80 m x 2.20 m
  • Bedroom 2nd Level 3.30 m x 3.50 m
  • 2nd Bedroom 2nd Level 2.20 m x 3.00 m
  • Laundry 2nd Level 3.70 m x 2.20 m
  • Kitchen 2nd Level 3.80 m x 2.20 m
  • Living 2nd Level 5.50 m x 4.00 m
  • Bedroom Main Level 3.70 m x 2.40 m
  • Living Main Level 4.20 m x 4.20 m
  • Kitchen Main Level 4.30 m x 2.40 m
  • 2nd Bedroom Main Level 3.20 m x 3.50 m
  • 3rd Bedroom Main Level 3.50 m x 3.40 m
  • Kitchen Main Level 3.30 m x 4.70 m
  • Living Main Level 1.90 m x 4.00 m

Courtesy of: REAL ESTATE HOMEWARD

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos