Homes for sale - 91 Water Street S, Cambridge, ON N1R 3E1

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Real People Real Estate

realpeoplere@gmail.com +1(519) 865-6393

Listed by Gordon Springle • Real Estate Homeward

$ 1,250,000

Est. payment | -/mo

7 Beds

1 Bath

3,259 SqFt

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$ 1,250,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

1 Bath

3,259 SqFt

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(519) 865-6393

realpeoplere@gmail.com

174 Stanley Street, Brantford, N3S, 7S3., Canada

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