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$ 999,000
Est. payment /mo
New
91 Water ST S Cambridge, ON N1R 3E1
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
MLS Listing ID X13225358
Style 2-Storey
Bedrooms 7
Annual Tax Amount $5,743
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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.)
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Half
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Patio, Paved Yard
Parking Features Lane
Pool None
Roof Type Asphalt Shingle,Flat
Lot Frontage 31.9
Lot Depth 151.8
Total Parking Spaces 4
Building
Building Age 100+
Unit Features Fenced Yard,Public Transit,River/Stream
Foundation Concrete Block
Others
ParcelsYN No
Virtual Tour https://real.vision/91-water-street-south?o=u
Listed by REAL ESTATE HOMEWARD
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