91 Water Street S Cambridge, Ontario N1R 3E1
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Gordon Charles Springle
Salesperson
1858 Queen Street E.
Toronto, Ontario M4L 1H1
$1,395,000
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! **** 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:58576)
Property Details
| MLS® Number | X10416523 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit |
| Features | Lane, Paved Yard |
| ParkingSpaceTotal | 4 |
| Structure | Patio(s) |
Building
| 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 |
| SizeInterior | 2999.975 - 3499.9705 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 151 Ft ,9 In |
| SizeFrontage | 31 Ft ,10 In |
| SizeIrregular | 31.9 X 151.8 Ft |
| SizeTotalText | 31.9 X 151.8 Ft |
| SurfaceWater | River/stream |
| ZoningDescription | Fc1rm1 |
Rooms
| 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/27636265/91-water-street-s-cambridge
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December 07 2024 04:38:21
Toronto Real Estate Board
Real Estate Homeward
Why Sell With Dharm Gill?
Selling your home with Dharm Gill means leveraging expert market knowledge, personalized marketing strategies, and dedicated support to ensure you get the best value. Dharm Gill’s commitment to excellence and client-focused approach guarantees a seamless and successful selling experience.
