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Mathew Toussaint

mathew.toussaint@exprealty.com +1(289) 983-0990

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91 Water ST S Cambridge, ON N1R 3E1

7 Beds

4 Baths

UPDATED:

Key Details

Property Type Other Types

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

MLS Listing ID X13225358

Style 2-Storey

Bedrooms 7

Annual Tax Amount $5,743

Tax Year 2025

Property Sub-Type Fourplex

Property Description

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.)

Location

Province ON

County Waterloo

Area Waterloo

Zoning FC1RM1

Rooms

Family Room No

Basement Half

Kitchen 4

Interior

Interior Features Separate Hydro Meter

Cooling None

Inclusions 4 of each: fridge, stove, washer/dryer; 4 of each: fridge, stove, washer/dryer; electric hot water tanks so tenants pay for usage of each unit's own heat, gas and water; all light fixtures, all light fixtures

Exterior

Exterior Feature Patio, Paved Yard

Parking Features Lane

Pool None

Roof Type Asphalt Shingle,Flat

Lot Frontage 31.9

Lot Depth 151.8

Total Parking Spaces 4

Building

Building Age 100+

Foundation Concrete Block

Others

Senior Community No

ParcelsYN No

Virtual Tour https://real.vision/91-water-street-south?o=u

Listed by REAL ESTATE HOMEWARD

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(289) 983-0990

mathew.toussaint@exprealty.com

Mathew Toussaint

91 Water ST S Cambridge, ON N1R 3E1

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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