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223 WATER STREET N, Cambridge — listed at $499,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Great investment property with strong income potential. You will get vacant possession and set your own rents. The main level has living room, dining room, Eat-in kitchen, bathroom, Primary bedroom and a small bedroom with a full exist to the private backyard, The up stairs has Kitchen, eating area or living with two bedrooms and a loft. The basement has laundry, 3 piece bathroom... (currently the son is living there). The main level boasts high ceilings, a den/office/bed and a front and rear entrance. Three car parking behind the house. Conveniently located near the schools, hospital, shopping, and downtown, with nearby parks, river trails, and walking paths for outdoor recreation. Twenty minutes to the 401 and a bus stop directly across the road. Two Separate Hydro meters A real Money Maker. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 4.72 x 3.42 meters |
| Bedroom 3 | Third level | 9.14 x 1.11 meters |
| Living room | Main level | 3.76 x 3.81 meters |
| Primary Bedroom | Main level | 3.35 x 3.28 meters |
| Office | Main level | 2.36 x 1.83 meters |
| Bathroom | Main level | 1.83 x 1.83 meters |
| Kitchen | Second level | 2.29 x 2.18 meters |
| Living room | Second level | 3.66 x 3.43 meters |
| Primary Bedroom | Second level | 3.84 x 3.45 meters |
| Bedroom 2 | Second level | 3.2 x 3.2 meters |
| Bathroom | Second level | 1.98 x 1.52 meters |
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 4 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What's the parking situation?+
This property includes 3 spaces — No Garage.
Is 223 WATER STREET N a good fit for a growing family?+
With 4 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
Is this a good starter home?+
At $499,900, this is priced in starter-home territory for Cambridge. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Does it have a basement, and is it finished?+
The listing describes the basement as: Separate entrance, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,782, heating is forced air, oil. Always verify the latest figures with your agent before making an offer — these change yearly.
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