91 Water St S

91 Water St S
91 Water St S
91 Water St S
+23
7
 bed
4
 bath
4
 parking
3000 - 3500
 sqft
Detached
$1,395,000
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$1,395,000
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Size
-
Lot size
449.84 sqm
Street frontage
E
Possession
Flexible
Price per sqm
$4,292 - $5,000
Taxes
$3,750 (2024)
Parking Type
-
Style
2-Storey
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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
Broker: REAL ESTATE HOMEWARD
MLS®#: X10416523
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Baseboard
Style:
2-Storey
MLS Size:
279-325 sqm
Lot front:
9.75 M
Lot depth:
46.33 M
Listed on:
Nov 10, 2024
Show all details
Rooms
LevelNameSizeFeatures
Main
Br
1.1 x 0.7 m
Laminate
Main
2nd Br
1.0 x 1.1 m
Laminate, Closet
Main
3rd Br
1.1 x 1.0 m
Laminate
Main
Kitchen
1.0 x 1.4 m
Laminate
Main
Living
0.6 x 1.2 m
Laminate
Main
Br
1.0 x 1.1 m
Laminate
Main
2nd Br
0.7 x 0.9 m
W/I Closet
Main
Laundry
1.1 x 0.7 m
Laminate
Main
Kitchen
1.2 x 0.7 m
Laminate
Main
Living
1.7 x 1.2 m
Laminate, Closet
Main
Br
0.7 x 1.1 m
Laminate, Closet
Main
2nd Br
0.9 x 1.1 m
Laminate
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Instant estimate:
orto view instant estimate
$69,616
lower than listed price
i
High
$1,393,270
Mid
$1,325,384
Low
$1,261,438
91 Water Street S
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$999,999
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91 Water Street S
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$999,999
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148 Freure Drive
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Alex Moggy
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: X10416523
Listed by REAL ESTATE HOMEWARD

About 91 Water St S

91 Water St S is a Cambridge detached house for sale, near Concession and Water Street. It has been listed at $1395000 since November 2024. This 3000-3500 sqft detached house has 7 beds and 4 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this detached house.

Living in this detached house is easy. There is also Ainslie / Walnut Bus Stop, only steps away, with route Franklin, route Blair, and more nearby.