91 WATER STREET S Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R3E1
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,999 sqft
Price per Sqft $465
MLS Listing ID X10416523
Bedrooms 7
Originating Board Toronto Regional Real Estate Board
Property 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! **** 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 (id:24570)
Location
Province ON
Rooms
Extra Room 1 Main level 3.7 m X 2.4 m Bedroom
Extra Room 2 Main level 2.3 m X 3.5 m Bedroom
Extra Room 3 Main level 3 m X 3.6 m Bedroom 2
Extra Room 4 Main level 3.2 m X 3.5 m Bedroom 2
Extra Room 5 Main level 3.5 m X 3.4 m Bedroom 3
Extra Room 6 Main level 3.3 m X 4.7 m Kitchen
Interior
Heating Baseboard heaters
Flooring Laminate
Exterior
Garage No
Fence Fenced yard
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold