91 Water Street S Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R 3E1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,259 sqft
Price per Sqft $383
MLS Listing ID 40713955
Style Two Story
Bedrooms 7
Full Baths 1
Abv Grd Liv Area 3,259
Originating Board Waterloo Region
Year Built 1890
Annual Tax Amount $3,750
Property Sub-Type Detached
Property Description
Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven 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. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * 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 * 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 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute 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! **EXTRAS** Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage, (House is virtually staged)
Location
Province ON
County Waterloo
Area 12 - Galt East
Zoning FC1RM1
Direction North of Concession St on Water St South
Rooms
Basement Partial,Unfinished
Main Level Bedrooms 3
Kitchen 4
Interior
Interior Features Separate Hydro Meters,Water Meter
Heating Baseboard,Electric,Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Water Heater Owned,Dryer,Refrigerator,Stove
Laundry In-Suite
Exterior
Exterior Feature Balcony,Separate Hydro Meters
Parking Features Gravel,Other
Fence Full
Waterfront Description River/Stream
Roof Type Asphalt Shing,Flat
Porch Patio
Lot Frontage 33.5
Lot Depth 153.0
Garage No
Building
Lot Description Urban,Ample Parking,High Traffic Area,Public Parking,Public Transit
Faces North of Concession St on Water St South
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal-Metered
Architectural Style Two Story
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 038160265
Ownership Freehold/None
Virtual Tour https://real.vision/91-water-street-south?o=u