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91 WATER STREET S, Cambridge — listed at $999,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 3.7 x 2.4 meters |
| Bedroom | Second level | 2.3 x 3.5 meters |
| Bedroom 2 | Second level | 3 x 3.6 meters |
| Laundry room | Second level | 3.7 x 3.2 meters |
| Living room | Second level | 5.5 x 4 meters |
| Kitchen | Second level | 3.8 x 2.2 meters |
| Living room | Main level | 4.2 x 4.2 meters |
| Kitchen | Main level | 4.3 x 2.4 meters |
| Bedroom 2 | Main level | 3.2 x 3.5 meters |
| Bedroom 3 | Main level | 3.5 x 3.4 meters |
| Kitchen | Main level | 3.3 x 4.7 meters |
| Living room | Main level | 1.9 x 4 meters |
| Bedroom | Second level | 3.3 x 3.5 meters |
| Bedroom 2 | Second level | 2.2 x 3 meters |
| Laundry room | Second level | 3.7 x 2.2 meters |
| Kitchen | Second level | 3.8 x 2.2 meters |
| Living room | Second level | 5.5 x 4 meters |
How is the space laid out across floors?+
This is a 2-storey multi-family. The 7 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, forced air, electric, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,743, heating is baseboard heaters, forced air, electric, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
What's the parking situation?+
This property includes 4 spaces — No Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
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