91 WATER STREET S, Cambridge, Ontario N1R 3E1
$1,395,000.00
- 7 bedrooms
- 4 bathrooms
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 legal triplex with a 4th bachelor unit cash flows even 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. 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 ... read more
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 legal triplex with a 4th bachelor unit cash flows even 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. 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 $1,611/mo with financing with 20% down , total 5 yr equity of $600k, 10 yr equity $975k, 15 yr 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.) 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! (id:25417)
- Listing ID: X10416523
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 31.9 by 151.8 FT Fenced Yard |
| Parking: | 4 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Refrigerator, Stove, Washer and Dryer |
| HVAC: | Baseboard Heaters and Fireplace Electric |
| Exterior: | Brick and Vinyl Siding |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Cambridge |
| Province: | Ontario |
| Nearby Amenities: | Public Transit |
| Rooms | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 3.7 m x 2.4 m |
| Bedroom | Main level | 2.3 m x 3.5 m |
| Bedroom 2 | Main level | 3 m x 3.6 m |
| Bedroom 2 | Main level | 3.2 m x 3.5 m |
| Bedroom 3 | Main level | 3.5 m x 3.4 m |
| Kitchen | Main level | 3.3 m x 4.7 m |
| Living room | Main level | 1.9 m x 4 m |
| Bedroom | Main level | 3.3 m x 3.5 m |
| Bedroom 2 | Main level | 2.2 m x 3 m |
| Laundry room | Main level | 3.7 m x 2.2 m |
| Kitchen | Main level | 3.8 m x 2.2 m |
| Living room | Main level | 5.5 m x 4 m |
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