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91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge
  • 91 WATER STREET S Cambridge

91 WATER STREET S, Cambridge, Ontario

$1,395,000

  • 7 Beds
  • 4 Baths

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% 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 projected cash flow of $1,611/mo with financing with 20% down , total 5 yr equity of $600k, 10 yr equity $975k, 15 yr equity $1.4m * 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! (id:23309)

  • Listing ID: X10416523
  • Property Type: Single Family
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Rooms

LevelTypeDimensions
Bedroom Main level 3.7 m x 2.4 m
Bedroom Main level 2.3 m x 3.5 m
Bedroom 2 Main level 3 m x 3.6 m
Bedroom 2 Main level 3.2 m x 3.5 m
Bedroom 3 Main level 3.5 m x 3.4 m
Kitchen Main level 3.3 m x 4.7 m
Living room Main level 1.9 m x 4 m
Bedroom Main level 3.3 m x 3.5 m
Bedroom 2 Main level 2.2 m x 3 m
Laundry room Main level 3.7 m x 2.2 m
Kitchen Main level 3.8 m x 2.2 m
Living room Main level 5.5 m x 4 m

Details

  • Amenities Nearby: Public Transit
  • Features: Lane, Paved yard
  • Ownership: Freehold
  • Parking Spaces: 4
  • Structure: Patio(s)
  • Transaction: For sale
  • Zoning Description: FC1RM1

Building

  • Amenities: Separate Electricity Meters
  • Appliances: Dryer, Refrigerator, Stove, Washer
  • Bedrooms Main Level: 7
  • Construction Style Attachment: Detached
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace Present: False
  • Flooring: Laminate
  • Foundation: Block
  • Bathrooms (Total): 4
  • Heating: Baseboard heaters
  • Heating Fuel: Electric
  • Size Interior: 2999.975 - 3499.9705 sqft
  • Stories Total: 2
  • Type: House
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Fence: Fenced yard
  • Sewer: Sanitary sewer
  • Size Frontage: 31 ft ,10 in
  • Size Irregular: 31.9 x 151.8 FT
  • Surface Water: River/Stream
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 91 WATER STREET S in Cambridge Ontario. It was last modified on November 9th, 2024. Contact Allan-John Boulanger to schedule a viewing or to discover other Cambridge homes for sale.

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