91 Water Street S, Cambridge ON N1R 3E1
89 Water St S, Cambridge, ON N1R 3C5, Canada
89 Water St S, Cambridge, ON N1R 3C5, CanadaBasics
- Date added: Added 3 weeks ago
- Category: Single Family Residence
- Type: Residential
- Status: Active
- Bedrooms: 7
- Bathrooms: 1
- Half baths: 0
- Total rooms: 18
- Area: Plans, 3259 sq ft
- Lot size: 153 x 33.5 sq ft
- ListOfficeName: Real Estate Homeward
- GarageSpaces: 0
- ListAOR: Waterloo Region
- MLS ID: 40713955
Description
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Description:
Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven 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. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * 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 * 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 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute 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)
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Rooms
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Rooms:
Room type Bedroom Bedroom Kitchen Bedroom Living Room Bedroom Bedroom Kitchen Living Room/Dining Room Utility Room Living Room/Dining Room Bedroom Bedroom Laundry Kitchen Living Room Kitchen Bathroom
Location
- Directions: North of Concession St on Water St South
- CountyOrParish: Waterloo
Building Details
- Year built: 1890
- ArchitecturalStyle: Two Story
- ParkingTotal: 4
- NewConstructionYN: No
- Heating: Baseboard, Electric, Forced Air, Natural Gas
- Basement: Partial, Unfinished
- Exterior material: Brick, Vinyl Siding
- Roof: Asphalt Shing, Flat
- Parking: 4, Gravel, Other
Video
- Virtual Tour: https://real.vision/91-water-street-south?o=u
Amenities & Features
- Features:
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
- Amenities:
- ExteriorFeatures: Balcony, Separate Hydro Meters
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- Cooling: None
- PoolPrivateYN: No
- FireplaceYN: No