$999,000
FOR SALE

Fourplex 2-Storey

Bedrooms: 7Bathrooms: 4Lot: 31.9 x 151.8 ft
2025 Taxes: $5,743

91 Water St S
Cambridge, ON N1R 3E1 | Waterloo

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 (7.91% CAP rate!), this separately metered 4plex is truly a rare opportunity because the tenants pay almost all the utilities use: Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage, Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,822 with 20% down (@ 3.89% 30 yr AM) OR $2,220 with 10% minimum down? Total 5 yr equity position @20% down $759,000, 10 yr equity $1,210,000. Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract and hold onto high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: all units rented are at market. Versatile Layouts: The suite configurations offers 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 * Bonus: the City clears the snow on the sidewalk in front of the building. 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 only 15 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! (Photos from when renovations were completed in 2024.)
Extras
Separate Hydro Meter
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Listed By REAL ESTATE HOMEWARD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13225358
Last Updated Jun 01, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 038160265
Legal Description PT LT 13 E/S WATER ST S PL 615 CAMBRIDGE AS IN 1278896; S/T & T/W 1278896; CAMBRIDGE
Possession Date Flexible
Taxes (2025) $5,743
Directions/Cross Streets Water and Concession
Area Waterloo
Price History

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Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 7
Bathrooms 4
Lot 31.9 x 151.8 ft
Exterior Brick
Air Conditioning None
Basement Half
Garage Type None
Parking Spaces 4
Heat Source Electric
Heat Type Baseboard
Sewers Sewer

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