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 * Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: Three out of four units are currently vacant, giving you the flexibility to set market-rate rents right from the start. The third unit, the smaller 2-bedroom, is already rented at $1,900/month plus utilities (current market rate), proving the income potential * Total projected: cash flow of $1,122/mo, total 5 year equity of $600k, 10 year equity $975k, 15 year equity $1.4m * 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 to 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 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 10 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! **** 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:31697)
| MLS® Number | X9285397 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit |
| Features | Lane, Paved Yard |
| ParkingSpaceTotal | 4 |
| Structure | Patio(s) |
| BathroomTotal | 4 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| ConstructionStyleAttachment | Detached |
| ExteriorFinish | Brick, Vinyl Siding |
| FlooringType | Laminate |
| FoundationType | Block |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| Type | House |
| UtilityWater | Municipal Water |
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 33 Ft ,6 In |
| SizeFrontage | 153 Ft |
| SizeIrregular | 153 X 33.5 Ft |
| SizeTotalText | 153 X 33.5 Ft |
| SurfaceWater | River/stream |
| ZoningDescription | Fc1rm1 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Bedroom | 3.7 m | 2.4 m | 3.7 m x 2.4 m |
| Main Level | Bedroom | 2.3 m | 3.5 m | 2.3 m x 3.5 m |
| Main Level | Bedroom 2 | 3 m | 3.6 m | 3 m x 3.6 m |
| Main Level | Bedroom 2 | 3.2 m | 3.5 m | 3.2 m x 3.5 m |
| Main Level | Bedroom 3 | 3.5 m | 3.4 m | 3.5 m x 3.4 m |
| Main Level | Kitchen | 3.3 m | 4.7 m | 3.3 m x 4.7 m |
| Main Level | Living Room | 1.9 m | 4 m | 1.9 m x 4 m |
| Main Level | Bedroom | 3.3 m | 3.5 m | 3.3 m x 3.5 m |
| Main Level | Bedroom 2 | 2.2 m | 3 m | 2.2 m x 3 m |
| Main Level | Laundry Room | 3.7 m | 2.2 m | 3.7 m x 2.2 m |
| Main Level | Kitchen | 3.8 m | 2.2 m | 3.8 m x 2.2 m |
| Main Level | Living Room | 5.5 m | 4 m | 5.5 m x 4 m |
https://www.realtor.ca/real-estate/27350415/91-water-street-s-cambridge
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