$1,395,000
Available - For Sale
Listing ID: X10416523
91 Water St South , Cambridge, N1R 3E1, Ontario
| 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! |
| 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 |
| Price | $1,395,000 |
| Taxes: | $3750.00 |
| Address: | 91 Water St South , Cambridge, N1R 3E1, Ontario |
| Lot Size: | 31.90 x 151.80 (Feet) |
| Directions/Cross Streets: | Concession and Water Street |
| Rooms: | 25 |
| Bedrooms: | 7 |
| Bedrooms +: | |
| Kitchens: | 4 |
| Family Room: | N |
| Basement: | Half |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Approximatly Square Footage: | 3000-3500 |
| Property Features: | Fenced Yard, Public Transit, River/Stream |
| Fireplace/Stove: | N |
| Heat Source: | Electric |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Laundry Level: | Main |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Waterloo |
| Municipality: | Cambridge |
| Style: | 2-Storey |
| Lot Size: | 31.90 x 151.80(Feet) |
| Tax: | $3,750 |
| Beds: | 7 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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