91 WATER STREET S, Cambridge, ON N1R3E1
91 WATER STREET S, Cambridge, ON N1R3E1
91 WATER STREET S, Cambridge, ON N1R3E1
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$999,000
Est. payment /mo
7 Beds
4 Baths
3,000 SqFt
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000 - 3500

Square Footage 3,000 sqft

Price per Sqft $333

MLS® Listing ID X13225358

Bedrooms 7

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 (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.) (id:24570)

Location

Province ON

Rooms

Kitchen 4.0

Extra Room 1 Second level 2.3 m X 3.5 m Bedroom

Extra Room 2 Second level 3 m X 3.6 m Bedroom 2

Extra Room 3 Second level 3.7 m X 3.2 m Laundry room

Extra Room 4 Second level 5.5 m X 4 m Living room

Extra Room 5 Second level 3.8 m X 2.2 m Kitchen

Extra Room 6 Second level 3.3 m X 3.5 m Bedroom

Interior

Heating Baseboard heaters, Forced air, ,

Cooling None

Flooring Laminate

Exterior

Parking Features No

Fence Fenced yard

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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91 WATER STREET S

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