$1,295,000
 $6,952 est/mo Sourced by Back At You

91 Water Street , Cambridge, ON N1R 3E1

Cambridge, ON N1R 3E1

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Description

Where can you find an investment property that has a monthly cash flow of $2,039 with 20% down or $1,036 with minimum down??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 (6.6% 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 5 yr equity position $412k, 10 yr equity $850k, 15 yr equity $1.358m * 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!

Details

MLS#X10416523
Listing TypeFor Sale
Sub-TypeResale
StatusPrice Change
Days On Site92
Listing Provided ByREAL ESTATE HOMEWARD | Not Provided

Features

Bed(s)7
Bath(s)4
BasementY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Learn More About This Property

StateON
CountyWaterloo
CityCambridge
Zip CodeN1R 3E1
Listing VS Median (in N1R 3E1)
Price:
$1,295,000
low | high
Med:
$0
On Site:
92
low | high
Med:
Sourced by Back At You
Listing Updated: February 5, 2025 at 11:54:23 AM PST