$1,250,000
Available - For Sale
Listing ID: X12067486
91 Water Stre South , Cambridge, N1R 3E1, Waterloo
| Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven 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. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * 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 * 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 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute 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) |
| Price | $1,250,000 |
| Taxes: | $3750.00 |
| Occupancy: | Vacant |
| Address: | 91 Water Stre South , Cambridge, N1R 3E1, Waterloo |
| Directions/Cross Streets: | Concession and Water Street |
| Rooms: | 25 |
| Bedrooms: | 7 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Half |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Primary B | 12.14 | 7.87 | Laminate |
| Room 2 | Main | Bedroom 2 | 10.5 | 11.48 | Laminate, Closet |
| Room 3 | Main | Bedroom 3 | 11.48 | 11.15 | Laminate, Closet |
| Room 4 | Main | Kitchen | 10.82 | 15.42 | Laminate |
| Room 5 | Main | Living Ro | 6.23 | 13.12 | Laminate |
| Room 6 | Second | Primary B | 10.82 | 11.48 | Laminate, Closet |
| Room 7 | Second | Bedroom 2 | 7.22 | 9.84 | Walk-In Closet(s) |
| Room 8 | Second | Laundry | 12.14 | 7.22 | Laminate |
| Room 9 | Second | Kitchen | 12.46 | 7.22 | Laminate |
| Room 10 | Second | Living Ro | 18.04 | 13.12 | Laminate, Closet |
| Room 11 | Second | Primary B | 9.84 | 11.81 | Laminate |
| Room 12 | Second | Bedroom | 7.54 | 11.48 | Laminate, Closet |
| Room 13 | Second | Living Ro | 11.48 | 17.38 | Laminate, Combined w/Dining |
| Room 14 | Second | Kitchen | 12.14 | 7.87 | Laminate |
| Room 15 | Second | Laundry | 7.54 | 5.9 | Laminate |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Ground |
| Washroom Type 2 | 3 | Ground |
| Washroom Type 3 | 3 | Second |
| Washroom Type 4 | 3 | Second |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Lane |
| Park #2 | |
| Parking Type: | Lane |
| Pool: | None |
| Approximatly Square Footage: | 3000-3500 |
| Property Features: | Fenced Yard, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Waterloo |
| Municipality: | Cambridge |
| Neighbourhood: | Dufferin Grove |
| Style: | 2-Storey |
| Tax: | $3,750 |
| Beds: | 7 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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