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$1,395,000
91 WATER STREET S
Cambridge, Ontario, N1R3E1
MLS® Number: X9285397
Property 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 (6% CAP rate), this is truly a rare opportunity. This 4plex means that if you want to move in, you can pick the bachelor or a 2 bedroom or the 3 bedroom * Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: Three out of four units are currently vacant, giving you the flexibility to set market-rate rents right from the start. The third unit, the smaller 2-bedroom, is already rented at $1,900/month plus utilities (current market rate), proving the income potential * Total projected: cash flow of $1,122/mo, total 5 year equity of $600k, 10 year equity $975k, 15 year equity $1.4m * 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.) The asphalt walkway to the south side of the house will be replaced in September * 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 10 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! **** 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 * Concrete walkway on the south side of the house will be replaced in November
Building information
Type
House
Amenities
Separate Electricity Meters
Appliances
Dryer, Refrigerator, Stove, Washer
Construction Style Attachment
Detached
Exterior Finish
Brick, Vinyl siding
Flooring Type
Laminate
Foundation Type
Block
Heating Fuel
Electric
Heating Type
Baseboard heaters
Size Interior
2999.975 - 3499.9705 sqft
Stories Total
2
Utility Water
Municipal water
Land information
Amenities
Public Transit
Fence Type
Fenced yard
Sewer
Sanitary sewer
Size Depth
33 ft ,6 in
Size Frontage
153 ft
Size Irregular
153 x 33.5 FT
Size Total
153 x 33.5 FT
Surface Water
River/Stream
Rooms
Main level
Living room
5.5 m x 4 m
Kitchen
3.8 m x 2.2 m
Laundry room
3.7 m x 2.2 m
Bedroom 2
2.2 m x 3 m
Bedroom
3.3 m x 3.5 m
Living room
1.9 m x 4 m
Kitchen
3.3 m x 4.7 m
Bedroom 3
3.5 m x 3.4 m
Bedroom 2
3.2 m x 3.5 m
Bedroom 2
3 m x 3.6 m
Bedroom
2.3 m x 3.5 m
Bedroom
3.7 m x 2.4 m
Courtesy of REAL ESTATE HOMEWARD
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