$1,250,000
91 Water Street, Cambridge, ON N1R 3E1
, Cambridge,
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TRREB.
Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven 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. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * 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 * 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 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute 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)
- HoldoverDays: 90
- Architectural Style: 2-Storey
- Property Type: Residential Freehold
- Property Sub Type: Detached
- DirectionFaces: East
- Directions: Concession and Water Street
- Tax Year: 2024
- Parking Features: Lane
- ParkingSpaces: 4
- Parking Total: 4
- WashroomsType1: 1
- WashroomsType1Level: Ground
- WashroomsType2: 1
- WashroomsType2Level: Ground
- WashroomsType3: 1
- WashroomsType3Level: Second
- WashroomsType4: 1
- WashroomsType4Level: Second
- BedroomsAboveGrade: 7
- Interior Features: Separate Hydro Meter
- Basement: Half
- HeatSource: Electric
- HeatType: Baseboard
- LaundryLevel: Main Level
- ConstructionMaterials: Brick, Vinyl Siding
- Exterior Features: Patio, Paved Yard
- Roof: Asphalt Shingle, Flat
- Sewer: Sewer
- Foundation Details: Concrete Block
- Parcel Number: 038160265
- LotSizeUnits: Feet
- LotDepth: 153
- LotWidth: 33.5
- PropertyFeatures: Fenced Yard, Public Transit, River/Stream
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