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$1,295,000

Est. payment - /mo

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7 BD

4 BA

2,999 SqFt

Price Dropped by $100K

91 WATER STREET S Cambridge, ON N1R3E1

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Noor Shihab

Century 21 Bravo

info@noorshihab.com +1(403) 800-9255

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,999 sqft

Price per Sqft $431

MLS® Listing ID X10416523

Bedrooms 7

Originating Board Toronto Regional Real Estate Board

Property Sub-Type Freehold

Property 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! **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 (id:24570)

Location

Province ON

Rooms

Extra Room 1 Main level 3.7 m X 2.4 m Bedroom

Extra Room 2 Main level 2.3 m X 3.5 m Bedroom

Extra Room 3 Main level 3 m X 3.6 m Bedroom 2

Extra Room 4 Main level 3.2 m X 3.5 m Bedroom 2

Extra Room 5 Main level 3.5 m X 3.4 m Bedroom 3

Extra Room 6 Main level 3.3 m X 4.7 m Kitchen

Interior

Heating Baseboard heaters

Flooring Laminate

Exterior

Parking Features No

Fence Fenced yard

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

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Noor Shihab

Agent

+1(403) 800-9255

91 WATER STREET S Cambridge, ON N1R3E1

Noor Shihab

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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91 WATER STREET S