ON > Cambridge > 20 - City Core-Wellington
Cambridge, ON N1R3E1,91 WATER Street S
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Cambridge, ON N1R3E1,91 WATER Street S
Cambridge, ON N1R3E1,91 WATER Street S
Cambridge, ON N1R3E1,91 WATER Street S
Cambridge, ON N1R3E1,91 WATER Street S
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CHRIS HOLM

CHRIS HOLM

+1(250) 309-0039
$ 1,250,000
Est. payment /mo
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Active

91 WATER Street S Cambridge, ON N1R3E1

7 Beds

1 Bath

3,259 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 3,259 sqft

Price per Sqft $383

Subdivision 20 - City Core/Wellington

MLS® Listing ID 40713955

Style 2 Level

Bedrooms 7

Year Built 1890

Property Sub-Type Freehold

Source Cornerstone - Hamilton-Burlington

Property Description

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) (id:24570)

Location

Province ON

Rooms

Kitchen 4.0

Extra Room 1 Second level 12'1'' x 7'9'' Kitchen

Extra Room 2 Second level 7'7'' x 5'10'' Laundry room

Extra Room 3 Second level 11'8'' x 17'4'' Living room/Dining room

Extra Room 4 Second level 7'5'' x 11'7'' Bedroom

Extra Room 5 Second level 10'0'' x 11'8'' Bedroom

Extra Room 6 Second level 12'0'' x 7'3'' Utility room

Interior

Heating Baseboard heaters, , Forced air,

Cooling None

Exterior

Parking Features No

Fence Fence

Community Features High Traffic Area

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style 2 Level

Others

Ownership Freehold

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agent

CHRIS HOLM

PERSONAL REAL ESTATE CORPORATION | License ID: 10430

+1(250) 309-0039

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