91 Water Street S, Cambridge ON N1R 3E1

Description

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 4plex means that if you want to move in, you can pick the bachelor or a 2 bedroom or the 3 bedroom * Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: Three out of four units are currently vacant, giving you the flexibility to set market-rate rents right from the start. The third unit, the smaller 2-bedroom, is already rented at $1,900/month plus utilities (current market rate), proving the income potential * Total projected: cash flow of $1,122/mo, total 5 year equity of $600k, 10 year equity $975k, 15 year 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 * 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 * The asphalt walkway to the south side of the house will be replaced in September * 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 5 min, Cambridge Bus Terminal 6 min, groovy Gaslight District 8 min, U of Waterloo Cambridge 10 min, grocery store 12 min – so near to everything without being in the thick of it * By car you are 10 min to the 401, 30 min 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!