Gallery
1

$1,295,000

CindySEZ

$1,223,184

CindySEZ

$1,223,184

91 Water Street, Cambridge

7 Beds
4 Baths

MLS#X10416523

91 Water Street, Cambridge

$1,295,000

7 Beds
4 Baths

MLS#X10416523

CindySEZ

$1,223,184

CindySEZ

$1,223,184

Home DetailsFeaturesExterior FeatureRoomsSales History

Where can you find an investment property that has a monthly cash flow of $2,039 with 20% down or $1,036 with minimum down??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 (6.6% CAP rate), this is truly a rare opportunity. This legal triplex with a 4th bachelor unit cash flows even without the income of the 4th unit! Fully Renovated: Professionally redone top to bottom, ensuring you attract high-quality tenants & minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches, more peace of mind. Immediate Rental Income: 3 out of 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, is already rented at $1,900/month + utilities (current market rate), proving the income potential. Total 5 yr equity position $412k, 10 yr equity $850k, 15 yr equity $1.358m * Versatile Layout: The suite configurations offer 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 * (House is virtually staged.) 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 5min, Cambridge Bus Terminal 6min, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store12 min - so near to everything without being in the thick of it * By car you are 10min to the 401, 30min 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! **EXTRAS** Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage * House is virtually staged *Concrete walkway on the south side of the house will be replaced in November

Home Details
Home Details
  • Category

  • Residential

  • Status

  • New

  • Days on Market

  • 108 Days

  • List date

  • 11/09/2024

  • Listing Updated On

  • 02/14/2025

  • Taxes / Year

  • $3,750 / 2024

  • Style

  • Detached

  • Type

  • 2-Storey

  • Lot Size

  • 0.11 Acres

Features
Features
Beds & Baths
  • Total Beds

  • 7

  • Baths

  • 4

Heating & Cooling
  • Heating Type

  • Baseboard

  • Air Conditioning

  • None

Parking & Garage
  • Total Parking

  • 4

Basement
  • Desc

  • Half

Appliances & Equipment
Appliances & Equipment
Exclusions
Tenant's belongings in unit 3
Neighbourhood Influences
Neighbourhood Influences
Fenced Yard
Public Transit
River/Stream
Exterior Feature
Exterior Feature
Lot
  • Acres

  • 0.11 Acres

  • Frontage

  • 31 Ft

  • Depth

  • 151 Ft

Construction Details
  • Foundation Type

  • Concrete Block

  • Roof Material

  • Asphalt Shingle, Flat

  • Exterior

  • Brick, Vinyl Siding

Water & Sewer
  • Sewer

  • Sewer

Legal
  • Brokerage

  • Real Broker Ontario Ltd.

  • Legal Description

  • Pt Lt 13 E/S Water St S Pl 615 Cambridge As In 1278896; S/T & T/W 1278896; Cambridge

Rooms
Rooms
Main Floor
  • Bedroom

  • 3.5 / 2.3

  • Bedroom 2

  • 3.5 / 3.2

  • Kitchen

  • 2.2 / 3.8

  • Bedroom 3

  • 3.4 / 3.5

  • Laundry

  • 2.2 / 3.7

  • Living Room

  • 4.0 / 5.5

Sales History
Sales History

Active

(108 days on market)

Viewing now

New

2024-11-09

Listed For Sale

$1,295,000

MLS# X10416523

1900-06-21

0

View

1900-06-21

1900-06-21

Listed For Sale

$0

MLS# X9285397

91 Water Street
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