91 Water Street South, Cambridge | Image 1

91 Water Street South

Cambridge

  • 7 bed 4 bath 3000 sqft
$1,395,000 est.*: $4,726/mo
For Sale

Added 2 weeks ago

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  • Type: Detached

  • Style: 2-Storey

  • Size: 3000 sqft

  • Lot Size: 153 x 33.5 Feet

  • Age: No Data

  • Taxes: $3,750 per year

  • Days on Site: 2 Days

  • Added: Aug 30, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X9285397

  • Listed By: Real estate homeward

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 4plex means that if you want to move in, you can pick the bachelor or a 2 bedroom or the 3 bedroom * Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: Three out of four units are currently vacant, giving you the flexibility to set market-rate rents right from the start. The third unit, the smaller 2-bedroom, is already rented at $1,900/month plus utilities (current market rate), proving the income potential * Total projected: cash flow of $1,122/mo, total 5 year equity of $600k, 10 year equity $975k, 15 year 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.) The asphalt walkway to the south side of the house will be replaced in September * 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 10 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!

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

Upcoming Open Houses

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Property

  • Status: Sale

  • Property Type: Detached

  • Style: 2-Storey

  • Size (sq ft): 3000

  • Area: Cambridge

  • Availability Date: Flexible

Inside

  • Bedrooms: 7

  • Bathrooms: 4

  • Kitchens: 4

  • Rooms: 25

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Laundry Level: Main

  • Washrooms: 4

Building

  • Basement: Half

  • Heat Type: Baseboard

  • Heat Source: Electric

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • UFFI: Removed

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

  • Special Designation: Unknown

Parking

  • Driveway: Lane

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 13 E/S WATER ST S PL 615 CAMBRIDGE AS IN 1278896; S/T & T/

  • Taxes: $3,750

Highlights

  • Feature: Fenced Yard

  • Feature: Public Transit

  • Feature: River/Stream

Land

  • Cross Street: Concession and Water

  • Municipality District: Cambridge

  • Fronting On: East

  • Parcel Number: 038160265

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 33.5 Feet

  • Lot Frontage: 153 Feet

  • Zoning: FC1RM1

Additional Media

  • Virtual Tour: https://real.vision/91-water-street-south/photos

Rooms

Room details for 91 Water Street South, Cambridge

Type Dimensions
Br Main 2.40 x 3.70
2nd Br Main 3.50 x 3.20
3rd Br Main 3.40 x 3.50
Kitchen Main 4.70 x 3.30
Living Main 4.00 x 1.90
Br Main 3.50 x 3.30
2nd Br Main 3.00 x 2.20
Laundry Main 2.20 x 3.70
Kitchen Main 2.20 x 3.80
Living Main 4.00 x 5.50
Br Main 3.50 x 2.30
2nd Br Main 3.60 x 3.00
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Walker's Paradise

  • Daily errands do not require a car.
95 /100

Good Transit

  • Some errands can be accomplished by public transportation.
56 /100

Very Bikeable

  • Most errands can be accomplished on bike.
74 /100
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Map of 91 Water Street South, Cambridge
JK-8

St Francis Catholic Elementary School

Elementary: Catholic
1.21 km
JK-8

St Gregory Catholic Elementary School

Elementary: Catholic
1.12 km
JK-6

Central Public School

Elementary: Public
0.56 km
6-8

St Andrew's Public School

Elementary: Public
0.65 km
JK-6

Highland Public School

Elementary: Public
1.03 km
JK-8

Stewart Avenue Public School

Elementary: Public
1.23 km
Pre-Grade 9-12

Southwood Secondary School

Secondary: Public
1.83 km
Pre-Grade 9-12

Glenview Park Secondary School

Secondary: Public
1.15 km
Pre-Grade 9-12

Galt Collegiate and Vocational Institute

Secondary: Public
1.60 km
9-12

Monsignor Doyle Catholic Secondary School

Secondary: Catholic
2.10 km
Pre-Grade 9-12

Preston High School

Secondary: Public
5.74 km
9-12

St Benedict Catholic Secondary School

Secondary: Catholic
4.32 km

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