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

$1,395,000

MLS® # 40675297

House For Sale In City Core, Cambridge, Ontario

$1,395,000

  • 7

    Bedrooms

  • 4

    Baths

  • 4

    Parking Spaces

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 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!

Inclusions: Dryer,Refrigerator,Stove,4 Of Each: Fridge, Stove, Washer/Dryer, All Light Fixtures, 4 Electric Hot Water Tanks

Exclusions : Tenant's Belongings In Unit 3

Building Features:

  • Floor Space: 3259 Square Feet

Property Features:

  • Bedrooms: 7
  • Bathrooms: 4+0
  • Acres Range: < 0.5
  • Architectural Style: Two Story
  • Basement: Partial, Unfinished
  • Built in: 1890
  • Construction Materials: Brick, 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, Water Meter
  • Laundry Features: In-Suite
  • Lot Depth: 153 Feet
  • Lot Features: Urban, Ample Parking, High Traffic Area, Public Parking, Public Transit
  • Lot Frontage: 33.50 Feet
  • Parking Features: Other
  • Roof: Asphalt Shing, Flat
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Source: Municipal-Metered
  • Waterfront Features: River/Stream
  • Zoning: FC1RM1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Rooms:

  • Laundry 2nd Level 2.31 X 1.78
  • Bathroom Main Level
  • Kitchen Main Level 4.52 X 2.39
  • Other 2nd Level 3.56 X 5.28 Note: Living/Dining Room
  • Kitchen 2nd Level 3.68 X 2.36
  • Kitchen Main Level 3.78 X 2.21
  • Bedroom 2nd Level 2.26 X 3.53
  • Utility Main Level 3.66 X 2.21
  • Bathroom Main Level
  • Living Main Level 1.88 X 4.04
  • Living Main Level 4.22 X 4.17
  • Bedroom 2nd Level 3.05 X 3.56
  • Bedroom Main Level 3.33 X 3.51
  • Bathroom Main Level
  • Bedroom Main Level 3.51 X 3.45
  • Bathroom 2nd Level
  • Bedroom Main Level 2.24 X 3.05
  • Kitchen Main Level 3.33 X 4.65
  • Other Main Level 5.51 X 4.01 Note: Living/Dining Room
  • Bedroom Main Level 3.23 X 3.53
  • Bedroom Main Level 3.68 X 2.67

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

Additional Photos