91 WATER Street S Cambridge

91 WATER Street S, Cambridge, Ontario

$1,250,000

  • 7 Beds
  • 1 Bath
  • 3,259 Square Feet

Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven 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. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * 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 * 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 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute 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) (id:23309)

  • Listing ID: 40713955
  • Property Type: Single Family
  • Year Built: 1890

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Rooms

LevelTypeDimensions
Kitchen Second level 12'1'' x 7'9''
Laundry room Second level 7'7'' x 5'10''
Living room/Dining room Second level 11'8'' x 17'4''
Bedroom Second level 7'5'' x 11'7''
Bedroom Second level 10'0'' x 11'8''
Utility room Second level 12'0'' x 7'3''
Kitchen Second level 12'5'' x 7'3''
Living room/Dining room Second level 18'1'' x 13'2''
Bedroom Second level 7'4'' x 10'0''
Bedroom Second level 10'11'' x 11'6''
3pc Bathroom Main level Measurements not available
Kitchen Main level 14'10'' x 7'10''
Living room Main level 13'10'' x 13'8''
Living room Main level 6'2'' x 13'3''
Kitchen Main level 10'11'' x 15'3''
Bedroom Main level 11'6'' x 11'4''
Bedroom Main level 10'7'' x 11'7''
Bedroom Main level 12'1'' x 8'9''

Details

  • Architectural Style: 2 Level
  • Amenities Nearby: Public Transit
  • Community Features: High Traffic Area
  • Features: Crushed stone driveway
  • Ownership: Freehold
  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: FC1RM1

Building

  • Appliances: Dryer, Refrigerator, Stove, Water meter
  • Architectural Style: 2 Level
  • BasementType: Partial (Unfinished)
  • Basement Development: Unfinished
  • Bedrooms Main Level: 7
  • Constructed Date: 1890
  • Construction Style Attachment: Detached
  • Cooling: None
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Foundation: Block
  • Bathrooms (Total): 1
  • Heating: Baseboard heaters, Forced air
  • Heating Fuel: Electric, Natural gas
  • Size Interior: 3259 sqft
  • Stories Total: 2
  • Type: House
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Fence: Fence
  • Sewer: Municipal sewage system
  • Size Frontage: 34 ft
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 91 WATER Street S in Cambridge Ontario. It was last modified on May 8th, 2025. Contact Carolyn Rouse to schedule a viewing or to discover other Cambridge homes for sale.

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