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    For Sale - 91 Water Street, Cambridge, Ontario

    Est payment $4,797/mo
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    Time on Jump  14 day

    AI Summary *

    • Invest in a fully renovated 4-plex with separate utilities for each unit.
    • Attractive CAP rate of 7.91% with strong monthly cash flow.
    • Diverse layouts with a 3-bedroom, two 2-bedrooms, and a bachelor unit.
    • Convenient location near walking trails and downtown amenities.
    • Parking available for four vehicles at the rear of the property.




    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.)
    Listing IDX13225358
    Address91 Water Street
    CityCambridge, Ontario
    Price$999,000
    Bed / Bath7 / 4 Full
    Style2-Storey, Fourplex
    ConstructionBrick, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Separate Hydro MeterOutdoor Features Patio, Paved YardAmenities Fenced Yard, Public Transit, River/StreamOwnership FreeholdAppliances Hard/Low Nap FloorsBasement HalfFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 4.00
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    Listing Agency:  REAL ESTATE HOMEWARD

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    91 Water Street
    Cambridge , Ontario
    7 4 $999,000
    Get more info