91 Water Street S Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R 3E1
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,259 sqft
Price per Sqft $397
MLS Listing ID 40675298
Bedrooms 7
Abv Grd Liv Area 3,259
Originating Board Waterloo Region
Year Built 1890
Annual Tax Amount $3,750
Property Description
Where can you find an investment property that has a monthly cash flow of $2,039 with 20% down or $1,036 with minimum down??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 (6.6% 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 5 yr equity position $412k, 10 yr equity $850k, 15 yr equity $1.358m * 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!
Location
Province ON
County Waterloo
Area 12 - Galt East
Zoning FC1RM1
Direction North of Concession St on Water St South
Rooms
Basement Partial,Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Baseboard,Electric,Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Exterior Feature Balcony,Separate Hydro Meters
Parking Features Other
Fence Full
Roof Type Asphalt Shing,Flat,Metal
Porch Patio
Lot Frontage 33.5
Lot Depth 153.0
Garage No
Building
Lot Description Ample Parking,High Traffic Area,Public Parking,Public Transit
Faces North of Concession St on Water St South
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 038160265
Ownership Freehold/None