ON > Cambridge
Cambridge, ON N1R 3E1,91 Water ST S
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Cambridge, ON N1R 3E1,91 Water ST S
Cambridge, ON N1R 3E1,91 Water ST S
Cambridge, ON N1R 3E1,91 Water ST S
Cambridge, ON N1R 3E1,91 Water ST S
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David Johanns

David Johanns

REAL Brokerage

+1(416) 436-3441
$ 1,250,000
Est. payment /mo
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Active

91 Water ST S Cambridge, ON N1R 3E1

7 Beds

4 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

MLS Listing ID X12067486

Style 2-Storey

Bedrooms 7

Annual Tax Amount $3,750

Tax Year 2024

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 Waterloo

Zoning FC1RM1

Rooms

Family Room No

Basement Half

Kitchen 4

Interior

Interior Features Separate Hydro Meter

Cooling None

Inclusions 4 of each: fridge, stove, washer/dryer; all light fxtures, 4 electric hot water tanksl

Exterior

Exterior Feature Patio, Paved Yard

Parking Features Lane

Pool None

Roof Type Asphalt Shingle,Flat

Lot Frontage 33.5

Lot Depth 153.0

Total Parking Spaces 4

Building

Foundation Concrete Block

Others

Senior Community No

Virtual Tour https://real.vision/91-water-street-south?o=u

Listed by REAL BROKER ONTARIO LTD.
agent

David Johanns

Agent

+1(416) 436-3441

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91 Water ST S