Map location of 91 WATER STREET S, Cambridge, ON N1R3E1
$1,395,000
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91 Water Street S, Cambridge, ON N1R3E1

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7 Beds
4 Baths
3,000 Sq Ft

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. 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, 122/mo, total 5 yr equity of $600k, 10 yr equity $975k, 15 yr equity $1.4m * For the house hacker: If you occupy the bachelor unit, here's the new math as of Dec 15: Minimum down $115k = mtg $1, 280, 000 4.25%/30 year = $6, 269/mo. $8, 000 income - bachelor@ $1, 500 = $6, 500 net income - $6269 mortgage = $231 cash flow. * 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 on 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 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:55598)

Listing By: GORDON CHARLES SPRINGLE - REAL ESTATE HOMEWARD
Listing provided courtesy of Canadian Real Estate Association
  • MLS® X9285397
  • Date Listed08/30/2024
  • Days on Realty 113 Days
  • Bedrooms 7
  • Bathrooms 4 baths
  • Lot Size -
  • Sewer Other
  • Property Type Single Family Residence
  • Water Public
  • Square Feet 3,000 sq. ft
  • Price Per Sq. Ft $465

Interior Features

  • Appliances Dryer, Refrigerator, Stove, Washer
  • Flooring Laminate
  • Heating Baseboard Heaters, Electric

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Nearby Schools

Source: School Digger

St. Andrew's Public School

Public • 6 - 8

32.19 km

Distance

William G Davis Public School

Public • 6 - 8

32.19 km

Distance

École secondaire catholique Père-René-de-Galinée

Public • 6 - 12

32.19 km

Distance

Glenview Park Secondary School

Public • 9 - 12

32.19 km

Distance

Galt Collegiate and Vocational Institute

Public • 9 - 12

32.19 km

Distance

Monsignor Doyle Catholic Secondary School

Public • 9 - 12

32.19 km

Distance

Southwood Secondary School

Public • 9 - 12

32.19 km

Distance

St. Benedict Catholic Secondary School

Public • 9 - 12

32.19 km

Distance

Preston High School

Public • 9 - 12

32.19 km

Distance

Jacob Hespeler Secondary School

Public • 9 - 12

32.19 km

Distance

St. Teresa of Calcutta Catholic Elementary School

Private • PK - 8

20 km

Distance

Sales & Tax History

Source: Public Records

Walkability in ON / N1R3E1

Source: Walkscore

75/100

Very Walkable

Walk Score ®

50/100

Good Transit

Transit Score ®

50/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

11 nearby routes: 11 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 30/100, Bike Score: 42/100.

Points of interest near 91 WATER STREET S, Cambridge, ON N1R3E1

U-Haul, Cambridge, ON, Canada

Transport • Professional Retail

119 m

Distance

128 m

Distance

Diva, Cambridge, ON, Canada

Transport Professional

132 m

Distance

231 m

Distance

238 m

Distance

309 m

Distance

110 m

Distance

U-Haul, Cambridge, ON, Canada

Transport • Professional Retail

119 m

Distance

126 m

Distance

272 m

Distance

254 m

Distance

272 m

Distance

71 m

Distance

190 m

Distance

311 m

Distance

311 m

Distance

312 m

Distance

313 m

Distance

134 m

Distance

310 m

Distance

341 m

Distance

Frequently Asked Questions for 91 WATER STREET S

Source: Realty.com

91 WATER STREET S, Cambridge, ON N1R3E1 is a Single Family Residence, Residential property listed for $1,395,000 The property is 3000 sq. ft with 7 bedrooms and 4 bathrooms

Realty.com has 27 photos of 91 WATER STREET S.

The full address for this home is 91 WATER STREET S, Cambridge, ON N1R3E1.

91 WATER STREET S has been listed on Realty.com since Fri August 30, 2024

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 30/100, Bike Score: 42/100.

Listing provided courtesy of: REAL ESTATE HOMEWARD (tel: (416) 698-2090)
Listing agent: GORDON CHARLES SPRINGLE (tel: (647) 699-6764)

This content last refreshed on 2024-12-21 00:07:51. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 91 WATER STREET S, Cambridge, ON N1R3E1 : MLS® X9285397

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