91 Water St S Cambridge, ON N1R 3E1
Listing Courtesy of: TORONTO IDX / Real Estate Homeward

  91 Water St S Cambridge, ON N1R 3E1

Active
$1,395,000
7
BED
4
BATH
3000-3500
SQFT

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 legal triplex with a 4th bachelor unit cash flows even 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. Immediate Rental Income: 3 out of 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, is already rented at $1,900/month + utilities (current market rate), proving the income potential. Total projected cash flow of $1,611/mo with financing with 20% down , total 5 yr equity of $600k, 10 yr equity $975k, 15 yr 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.) 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 6min, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store12 min - so near to everything without being in the thick of it * By car you are 10min 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!

MLS®:
X10416523
Taxes
$3,750(2024)
Type
Single-Family Home
Style
2-Storey
County
Waterloo Regional Municipality

Listed By

Real Estate Homeward
Source
TORONTO IDX
Last checked Dec 13 2024 at 6:48 AM GMT+0000
Bathroom Details
Interior Features
  • 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
Kitchen
  • Laminate
Heating and Cooling
  • Baseboard
  • None
Basement Information
  • Half
Exterior Features
  • Vinyl Siding
  • Brick
Utility Information
  • Sewer: Sewers
  • Fuel: Electric
Garage
  • None
Location
   
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Disclaimer: Copyright 2024 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/12/24 22:48