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91 Water Street S, Cambridge, ON, N1R 3E1

MLS® # 40640000
Investment For Sale In City Core, Cambridge, Ontario
$1,395,000
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
91 Water Street S, Cambridge, ON
  • Advertising

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91 Water Street S, Cambridge, ON, N1R 3E1
$1,395,000

Property Information:

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 4plex means that if you want to move in, you can pick the bachelor or a 2 bedroom or the 3 bedroom. 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 $1,122/mo, total 5 yr equity of $600k, 10 yr equity $975k, 15 yr equity $1.4m * For the house hacker: ?If you occupy the bachelor unit, here's the new math as of Dec 15: Minimum down $115k = mtg $1,280,000 4.25%/30 year = $6,269/mo. $8,000 income - bachelor@ $1,500 = $6,500 net income - $6269 mortgage = $231 cash flow. * 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.) The asphalt walkway on the south side of the house will be replaced in September * 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!

Inclusions: Carbon Monoxide Detector,Smoke Detector,4 Of Each: Fridge, Stove, Washer/Dryer; All Light Fixtures, 4 Electric Hot Water Tanks

Exclusions : Unit 3 Tenant Belongings

Building Features:

  • Floor Space: 3259 Square Feet

Property Features:

  • Bedrooms: 7
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Built in: 1890
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Driveway Parking: Lane/Alley Parking
  • Exterior Features: Balcony, Separate Hydro Meters
  • Fencing: Full
  • Floor Space (approx): 3259 Square Feet
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 153 Feet
  • Lot Features: Ample Parking, High Traffic Area, Public Parking, Public Transit
  • Lot Frontage: 33.50 Feet
  • Parking Features: Other
  • Roof: Asphalt Shing, Flat, Metal
  • Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: FC1RM1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: Real Estate Homeward

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 91 Water Street S, Cambridge, ON, N1R 3E1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

33 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

13 storms expected in 2050

Projected Heat Risk: Moderate

33 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 91 Water Street S, experiences 7 hot days per year at around 31.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.6 degrees Celsius.

Projected Avg. Temperature

Past
31.1℃
2050
34.6℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

13 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 91 Water Street S, experiences 11 significant 2-day storms per year, with about 321.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 396.2mm of precipitation per year.

Precipitation Per Storm

Past
321.5mm
2050
396.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 91 Water Street S, Cambridge, ON, N1R 3E1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,447.95

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.56 %

High school certificate or equivalent

34.33 %

Apprenticeship trade certificate/diploma

6.78 %

College/non-university certificate

22.63 %

University certificate (below bachelor)

0.65 %

University Degree

16.05 %

Commuter

Travel To Work

By Car

87.42 %

By Public Transit

6.77 %

By Walking

4.25 %

By Bicycle

0.0 %

By Other Methods

1.56 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

64.4 %

Houses

35.6 %

Own Vs. Rent

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