91 Water Street S Cambridge, Ontario N1R 3E1

$1,395,000

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:46421)

Property Details

MLS® Number	X10416523
Property Type	Single Family
Amenities Near By	Public Transit
Features	Lane, Paved Yard
Parking Space Total	4
Structure	Patio(s)

Building

Bathroom Total	4
Bedrooms Above Ground	7
Bedrooms Total	7
Amenities	Separate Electricity Meters
Appliances	Dryer, Refrigerator, Stove, Washer
Construction Style Attachment	Detached
Exterior Finish	Brick, Vinyl Siding
Flooring Type	Laminate
Foundation Type	Block
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	3,000 - 3,500 Ft2
Type	House
Utility Water	Municipal Water

Land

Acreage	No
Fence Type	Fenced Yard
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Depth	151 Ft ,9 In
Size Frontage	31 Ft ,10 In
Size Irregular	31.9 X 151.8 Ft
Size Total Text	31.9 X 151.8 Ft
Surface Water	River/stream
Zoning Description	Fc1rm1

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Bedroom	3.7 m	2.4 m	3.7 m x 2.4 m
Main Level	Bedroom	2.3 m	3.5 m	2.3 m x 3.5 m
Main Level	Bedroom 2	3 m	3.6 m	3 m x 3.6 m
Main Level	Bedroom 2	3.2 m	3.5 m	3.2 m x 3.5 m
Main Level	Bedroom 3	3.5 m	3.4 m	3.5 m x 3.4 m
Main Level	Kitchen	3.3 m	4.7 m	3.3 m x 4.7 m
Main Level	Living Room	1.9 m	4 m	1.9 m x 4 m
Main Level	Bedroom	3.3 m	3.5 m	3.3 m x 3.5 m
Main Level	Bedroom 2	2.2 m	3 m	2.2 m x 3 m
Main Level	Laundry Room	3.7 m	2.2 m	3.7 m x 2.2 m
Main Level	Kitchen	3.8 m	2.2 m	3.8 m x 2.2 m
Main Level	Living Room	5.5 m	4 m	5.5 m x 4 m

https://www.realtor.ca/real-estate/27636265/91-water-street-s-cambridge