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91 Water Street S

Cambridge, N1R 3E1

$999,000

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  • 7 bedrooms
  • 4 bathrooms
  • 4 parking
  • 3000-3500 sq ft

Listed 141 days ago · MLS® X13225358

About this home

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.)

Details

Type
Fourplex
Style
2-Storey
Age
100+ years
Size
3000-3500 sq ft
Lot
31.9 × 151.8 ft
Basement
Half
Garage
None
Kitchens
4
Property tax
$5,743 (2025)
Municipality
Cambridge

Interior

Bedrooms
7 above ground
Bathrooms
1 × 3-piece (ground), 1 × 3-piece (ground), 1 × 3-piece (second), 1 × 3-piece (second)
Rooms
25 above ground
Family room or den
No
Fireplace
No
Features
Separate Hydro Meter

Heating, cooling and services

Heating
Baseboard, Electric
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick, Vinyl Siding
Roof
Asphalt Shingle, Flat
Foundation
Concrete Block
Age
100+
Faces
East
Outdoor
Patio, Paved Yard

Parking

Total parking
4
Driveway and parking
Lane

Lot

Size
31.9 × 151.8 ft (rectangular)

More

Possession
Flexible
Nearby
Fenced Yard, Public Transit, River/Stream
Cross street
Water and Concession

Rooms

RoomLevelSizeFeatures
BedroomMain3.7 × 2.4 m (12'2" × 7'10")Laminate
Bedroom 2Main3.2 × 3.5 m (10'6" × 11'6")Laminate
Bedroom 3Main3.5 × 3.4 m (11'6" × 11'2")Laminate
KitchenMain3.3 × 4.7 m (10'10" × 15'5")Laminate
Living RoomMain1.9 × 4 m (6'3" × 13'1")Laminate
BedroomSecond3.3 × 3.5 m (10'10" × 11'6")Laminate
Bedroom 2Second2.2 × 3 m (7'3" × 9'10")Laminate, Walk-In Closet(s)
LaundrySecond3.7 × 2.2 m (12'2" × 7'3")Laminate
KitchenSecond3.8 × 2.2 m (12'6" × 7'3")Laminate
Living RoomSecond5.5 × 4 m (18'1" × 13'1")Laminate
BedroomSecond2.3 × 3.5 m (7'7" × 11'6")Laminate
Bedroom 2Second3 × 3.6 m (9'10" × 11'10")Laminate
LaundrySecond3.7 × 3.2 m (12'2" × 10'6")Laminate
Living RoomSecond5.5 × 4 m (18'1" × 13'1")Laminate
KitchenSecond3.8 × 2.2 m (12'6" × 7'3")Laminate
Living RoomMain4.2 × 4.2 m (13'9" × 13'9")Laminate
KitchenMain4.3 × 2.4 m (14'1" × 7'10")Laminate

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Listed by REAL ESTATE HOMEWARD.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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