91 Water St S
Cambridge | | N1R 3E1- 7
- 4
- 0
$1,395,000
Est. Mtg $4,730 /mo-
Days on market
44
-
Status
New
Home details
- MLS #:
X9285397
- Property type:
- Detached
- Style:
- 2-Storey
- Taxes:
- $3,750
- Possession:
- Flexible
- Lot Front:
- 153.0 Feet
- Lot Depth:
- 33.5 Feet
- Basement:
- Half |
- Driveway Pkg:
- 4
- Heat:
- Electric | Baseboard
Description
91 Water St S, , Cambridge, Ontario is a Detached property in Cambridge and in the community in the N1R 3E1 postal code
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. 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 $1,122/mo, total 5 yr equity of $600k, 10 yr equity $975k, 15 yr equity $1.4m * For the house hacker: If you occupy the bachelor unit, here's the new math as of Dec 15: Minimum down $115k = mtg $1,280,000 4.25%/30 year = $6,269/mo. $8,000 income - bachelor@ $1,500 = $6,500 net income - $6269 mortgage = $231 cash flow. * 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.) The asphalt walkway on 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 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!.
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 * Concrete walkway on the south side of the house will be replaced in November.
History
Sign in for full accessList Date | End Date | List Price | End Price | Status | MLS # |
2024-08 | 2024-09 | $1,395,000 | $1,395,000 | New | X9285397 |
Comparables
Sign in for full accesssold Date | Address | List Price | sold Price | DOM |
2024-06 | 10 Buffalo St, | $499,000 | $575,000 | 12 |
2024-05 | 2830 Spiece Rd, | $2,299,900 | $2,200,000 | 29 |
2024-03 | 7526 Splendour Dr N, | $1,268,658 | $1,268,658 | 16 |
2024-03 | 7416 Parkside Dr, | $1,253,658 | $1,270,658 | 8 |
2024-01 | 277 Seabrook Dr, | $1,275,000 | $1,267,500 | 6 |
2023-11 | 92 Strange St, | $1,199,900 | $1,300,000 | 15 |
2023-09 | 5437 King St, | $1,879,900 | $1,795,000 | 143 |
2023-08 | 708 Portsmouth Ave, | $699,000 | $650,000 | 60 |
2023-08 | 708 PORTSMOUTH Ave, | $699,000 | $650,000 | 60 |
2023-06 | 815 Zion Rd, | $600,000 | $585,000 | 104 |
2023-04 | 4257 Morrison St, | $719,990 | $665,013 | 82 |
2023-03 | 184 Lonesome Pine Tr, | $479,000 | $439,000 | 22 |
2023-01 | 32 Napier St, | $799,900 | $767,000 | 31 |
2022-08 | 5647 Main St, | $599,900 | $705,000 | 2 |
2022-08 | 90 Kenmore Ave, | $2,899,000 | $2,600,000 | 27 |
Statistics: TRREB Market Watch - JUNE 2023
Municipality activity Detached
Sale activity
Cambridge :
Municipality activity All Property Types
Sale activity
Cambridge :
Estimated running costs for 91 Water St S
Based on available 3rd party data
Approximate costs per month
- Mortgage
- $4730 p/m
- Energy
- from $75 p/m
- Water
- from $40 p/m
- Home insurance
- from $20 p/m
- Taxes
- $312 p/m
- Maintenance
- $0 p/m
Amenities:
Features:
-
Fenced Yard
-
Public Transit
-
River/Stream
Payment calculator
-
Principal and Interest
4730 /mo
-
Property Taxes
$312 /mo
-
Yearly Condo Fees
$0
* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.