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91 WATER STREET S Cambridge

91 WATER STREET S, Cambridge, Ontario

$1,395,000

  • 7
  • 4
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:23309)
  • Listing ID: X10416523
  • Property Type: Single Family
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Rooms

LevelTypeDimensions
Main LevelBedroom3.7 m x 2.4 m
Main LevelBedroom2.3 m x 3.5 m
Main LevelBedroom 23 m x 3.6 m
Main LevelBedroom 23.2 m x 3.5 m
Main LevelBedroom 33.5 m x 3.4 m
Main LevelKitchen3.3 m x 4.7 m
Main LevelLiving Room1.9 m x 4 m
Main LevelBedroom3.3 m x 3.5 m
Main LevelBedroom 22.2 m x 3 m
Main LevelLaundry Room3.7 m x 2.2 m
Main LevelKitchen3.8 m x 2.2 m
Main LevelLiving Room5.5 m x 4 m

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    This property for sale, located at 91 WATER STREET S in Cambridge, was last modified on November 21st 2024. Let us connect you with one of our real estate agents to schedule a viewing or to find other properties for sale in Cambridge.

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