91 WATER STREET S
Cambridge, Ontario
MLS® X13225358
$999,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13225358
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- —
1 / 32Listing 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.)
Property summary
- MLS® number
- X13225358
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 31.9 x 151.8 FT
- Annual property taxes
- $5,743.00
- Parking
- 4 spaces · No Garage
- Days on market
- 86 days
Features & details
- Heating
- Baseboard heaters, Forced air, Electric, Natural gas
- Cooling
- None
- Basement
- None
- Flooring
- Laminate
- Appliances
- Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
- Exterior features
- Brick, Vinyl siding
- Lot features
- Lane, Paved yard
What would this home cost you?
Based on the $999,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REAL ESTATE HOMEWARD, Cambridge.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.