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:49269)
Property Details
| MLS® Number | 40713945 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | High Traffic Area |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 7 |
| BasementDevelopment | Unfinished |
| BasementType | Partial (unfinished) |
| ConstructedDate | 1890 |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Block |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3259 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| FenceType | Fence |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 153 Ft |
| SizeFrontage | 34 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Fc1rm1 |
https://www.realtor.ca/real-estate/28281883/91-water-street-s-cambridge
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May 08 2025 06:29:55
REALTORS® Association of Hamilton-Burlington
Real Broker Ontario Ltd.