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$1,395,000
Available - For Sale
Listing ID: X10416523
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
Price $1,395,000
Taxes: $3,750
Address: 91 Water St South , Cambridge, N1R 3E1, Ontario
Lot Size: 31.9 x 151.8 (Feet)
Directions/Cross Streets: Concession and Water Street
Rooms: 25
Bedrooms: 7
Washrooms: 4
Kitchens: 4
Family Room: N
Basement: Half
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Br 12.14 7.87 Laminate
Room 2: Main 2nd Br 10.50 11.48 Laminate, Closet
Room 3: Main 3rd Br 11.48 11.15 Laminate
Room 4: Main Kitchen 10.82 15.42 Laminate
Room 5: Main Living 6.23 13.12 Laminate
Room 6: Main Br 10.82 11.48 Laminate
Room 7: Main 2nd Br 7.22 9.84 W/I Closet
Room 8: Main Laundry 12.14 7.22 Laminate
Room 9: Main Kitchen 12.46 7.22 Laminate
Room 10: Main Living 18.04 13.12 Laminate, Closet
Room 11: Main Br 7.54 11.48 Laminate, Closet
Room 12: Main 2nd Br 9.84 11.81 Laminate
No. of Pieces Level
Washroom 1:  3 Ground
Washroom 2:  3 Ground
Washroom 3:  3 Ground
Washroom 4:  3 2nd
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Vinyl Siding
Garage Type: None
(Parking/)Drive: Lane
Drive Parking Spaces: 4
Pool: None
Approximatly Square Footage: 3000-3500
Property Features: Fenced Yard
Public Transit
River/Stream
Fireplace/Stove: N
Heat Source: Electric
Heat Type: Baseboard
Central Air Conditioning: None
Laundry Level: Main
Sewers: Sewers
Water: Municipal
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REAL ESTATE HOMEWARD

91 Water St South , Cambridge, N1R 3E1, Ontario


 
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At a Glance:
Type: Freehold - Detached
Area: Waterloo
Municipality: Cambridge
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Style: 2-Storey
Lot Size: 31.90 x 151.80(Feet)
Approximate Age:
Tax: $3,750
Maintenance Fee: $0
Beds: 7
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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