Address
91 Water Street S, Cambridge, ON
Price
$ 999,000
Property Attributes
- MLS#40834260
- TypeSingle Family
- Listing Status Active
- CityCambridge
- Area12 - Galt East
- Neighbourhood20 - City Core/Wellington
- Postal CodeN1R 3E1
- StyleVictorian
- Year Built1890
- Taxes$ 5743
- Price$ 999,000
- Bedrooms7
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3259
Data Source:
Ontario Regional (ITSO)
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.)
| Price History | |
|---|---|
| 6/1/2026 | Listed $999,000 |
General Features
| Living Area | 3259 |
|---|---|
| Sewer | Sewer (Municipal) |
| Heating | Baseboard,Electric,Forced Air,Natural Gas |
| Cooling | None |
| Roof | Asphalt Shing,Flat |
| Appliances | Water Heater Owned,Dryer,Refrigerator,Stove,Washer |
| Zoning | FC1RM1 |
| Patio/Porch Features | Patio |
| Architectural Style | Victorian |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s),Other |
| Construction Materials | Brick,Vinyl Siding |
| Exclusions | Tenant Belongings |
| Year Built | 1890 |
| Stories Count | 2 |
| Property Subtype | Single Family Residence |
| Waterfront Features | River/Stream |
| County | Waterloo |
| New Construction | false |
| Property Type | Residential |
| Attached Garage | false |
| Facing Direction | West |
| Garage Y/N | false |
| Total Rooms | 18 |
| Full Baths | 1 |
| Status | Active |
| Directions | North of Concession St on Water St South |
| City | Cambridge |
| Senior Community Y/N | false |
| Open Parking Spaces | 4 |
| MLS Area | 12 - Galt East |
| Carport Y/N | false |
| Property Attached Y/N | false |
| MLS Area Minor | 20 - City Core/Wellington |
| Virtual Tour | https://real.vision/91-water-street-south?o=u |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Other |
| Virtual Tour | https://real.vision/91-water-street-south |
Interior Features
| Interior Amenities | Separate Hydro Meters,Water Meter |
|---|---|
| Basement | Partial,Unfinished |
| Kitchen Level | Main,Second |
| Total Stories | 2 |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Above Grade Finished Area | 3259 |
| Laundry Features | In-Suite |
| Total Bedrooms | 7 |
| Main Level Bedrooms | 3 |
| Main Level Bathrooms | 1 |
| Below Grade Finished Area Unit Type | Square Feet |
| Above Grade Finished Area Source | Other |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 1 |
Exterior Features
| Exterior Amenities | Balcony,Separate Hydro Meters |
|---|---|
| Fencing | Full |
| Parking Features | Gravel,Other |
| Lot Features | Urban,Ample Parking,High Traffic Area,Public Parking,Public Transit |
| Water Source | Municipal-Metered |
| Total Parking | 4 |
| Inclusions | Dryer,Refrigerator,Stove,Washer,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 |
| Foundation Details | Concrete Block |
| Building Area Total | 3259 |
| Lot Dimensions | 31.9 x 151.9 |
| Frontage Length | 31.90 |
| Frontage Type | East |
| Waterfront Y/N | false |
| Crops Included Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Data provided by the Ontario Regional Technology & Information Systems. The information is deemed reliable, but is not guaranteed. Not intended to solicit buyers or sellers, landlords or tenants currently under contract.
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