91 Water St, Cambridge

91 Water St, Cambridge N1R3E1

2-Storey, Detached House
25 Rooms Total, 4 Kitchens
4 Parking Spaces

31.90 x 151.80

Fenced Yard, Public Transit, River/Stream
Half Basement
Brick, Vinyl Siding Exterior

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!

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

Pt Lt 13 E/S Water St S Pl 615 Cambridge As In 1278896; S/T & T/W 1278896; Cambridge

3-piece on ground level
3-piece on ground level
3-piece on ground level
3-piece on 2nd level

Main Level, 3.70m x 2.40m
Laminate

Main Level, 3.20m x 3.50m
Laminate, Closet

Main Level, 3.50m x 3.40m
Laminate

Main Level, 3.30m x 4.70m
Laminate

Main Level, 1.90m x 4.00m
Laminate

Main Level, 3.30m x 3.50m
Laminate

Main Level, 2.20m x 3.00m
W/I Closet

Main Level, 3.70m x 2.20m
Laminate

Main Level, 3.80m x 2.20m
Laminate

Main Level, 5.50m x 4.00m
Laminate, Closet

Main Level, 2.30m x 3.50m
Laminate, Closet

Main Level, 3.00m x 3.60m
Laminate