91 Water Street S Cambridge, Ontario N1R 3E1
$1,250,000
Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven 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. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * 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 * 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 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute 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) (id:61445)
Property Details
| MLS® Number | X12067486 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit |
| Features | Lane, Paved Yard |
| ParkingSpaceTotal | 4 |
| Structure | Patio(s) |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Water Heater, Stove, Washer, Refrigerator |
| ConstructionStyleAttachment | Detached |
| ExteriorFinish | Brick, Vinyl Siding |
| FlooringType | Laminate |
| FoundationType | Block |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 153 Ft |
| SizeFrontage | 33 Ft ,6 In |
| SizeIrregular | 33.5 X 153 Ft |
| SizeTotalText | 33.5 X 153 Ft |
| SurfaceWater | River/stream |
| ZoningDescription | Fc1rm1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 3 m | 3.6 m | 3 m x 3.6 m |
| Second Level | Bedroom | 2.3 m | 3.5 m | 2.3 m x 3.5 m |
| Second Level | Living Room | 3.5 m | 5.3 m | 3.5 m x 5.3 m |
| Second Level | Kitchen | 3.7 m | 2.4 m | 3.7 m x 2.4 m |
| Second Level | Laundry Room | 2.3 m | 1.8 m | 2.3 m x 1.8 m |
| Second Level | Primary Bedroom | 3.3 m | 3.5 m | 3.3 m x 3.5 m |
| Second Level | Bedroom 2 | 2.2 m | 3 m | 2.2 m x 3 m |
| Second Level | Laundry Room | 3.7 m | 2.2 m | 3.7 m x 2.2 m |
| Second Level | Kitchen | 3.8 m | 2.2 m | 3.8 m x 2.2 m |
| Second Level | Living Room | 5.5 m | 4 m | 5.5 m x 4 m |
| Main Level | Primary Bedroom | 3.7 m | 2.4 m | 3.7 m x 2.4 m |
| Main Level | Bedroom 2 | 3.2 m | 3.5 m | 3.2 m x 3.5 m |
| Main Level | Living Room | 4.2 m | 4.2 m | 4.2 m x 4.2 m |
| Main Level | Kitchen | 4.3 m | 2.4 m | 4.3 m x 2.4 m |
| Main Level | Bedroom 3 | 3.5 m | 3.4 m | 3.5 m x 3.4 m |
| Main Level | Kitchen | 3.3 m | 4.7 m | 3.3 m x 4.7 m |
| Main Level | Living Room | 1.9 m | 4 m | 1.9 m x 4 m |
https://www.realtor.ca/real-estate/28132783/91-water-street-s-cambridge
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Gordon Charles Springle
Salesperson
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April 07 2025 09:42:12
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