$1,395,000
FOR SALE

Detached 2-Storey

Bedrooms: 7Bathrooms: 4Lot: 153 x 33.5 ft
2024 Taxes: $3,750

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 (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. 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 $1,122/mo, total 5 yr equity of $600k, 10 yr equity $975k, 15 yr equity $1.4m * For the house hacker: If you occupy the bachelor unit, here's the new math as of Dec 15: Minimum down $115k = mtg $1,280,000 4.25%/30 year = $6,269/mo. $8,000 income - bachelor@ $1,500 = $6,500 net income - $6269 mortgage = $231 cash flow. * 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 on 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 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
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Listed By REAL ESTATE HOMEWARD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9285397
Last Updated Sep 24, 2024
Property Summary
Property Type Detached

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
Parcel of Tied Land N
Possession Date Flexible
Taxes (2024) $3,750
Directions/Cross Streets Concession and Water Street
Area Waterloo
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On E
Link N
Property Features Fenced Yard, Public Transit, River/Stream
Special Designations Unknown
Bedrooms 7
Bathrooms 4
Rooms 25
Kitchens 4
Lot 153 x 33.5 ft
Approximate Square Footage 3000-3500
Exterior Brick, Vinyl Siding
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Laundry Level Main
Basement Half
Drive Lane
Garage Spaces 0.0
Garage Type None
Parking Spaces 4
Total Parking Spaces 4.0
Heat Source Electric
Heat Type Baseboard
Sewers Sewers
Water Municipal
UFFI Removed
Zoning FC1RM1
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
BrMain3.7 m x 2.4 m (12.14 ft x 7.87 ft)Laminate
2nd BrMain3.2 m x 3.5 m (10.5 ft x 11.48 ft)Laminate, Closet
3rd BrMain3.5 m x 3.4 m (11.48 ft x 11.15 ft)Laminate
KitchenMain3.3 m x 4.7 m (10.83 ft x 15.42 ft)Laminate
LivingMain1.9 m x 4 m (6.23 ft x 13.12 ft)Laminate
BrMain3.3 m x 3.5 m (10.83 ft x 11.48 ft)Laminate
2nd BrMain2.2 m x 3 m (7.22 ft x 9.84 ft)W/I Closet
LaundryMain3.7 m x 2.2 m (12.14 ft x 7.22 ft)Laminate
KitchenMain3.8 m x 2.2 m (12.47 ft x 7.22 ft)Laminate
LivingMain5.5 m x 4 m (18.04 ft x 13.12 ft)Laminate, Closet
BrMain2.3 m x 3.5 m (7.55 ft x 11.48 ft)Laminate, Closet
2nd BrMain3 m x 3.6 m (9.84 ft x 11.81 ft)Laminate
Bathrooms
Pieces Level
3Ground
3Ground
3Ground
32nd

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