91 WATER STREET S, Cambridge, Ontario

$999,000

7 Beds
4 Baths
3,250 Square Feet

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 (7.91% CAP rate!), this separately metered 4plex is truly a rare opportunity because the tenants pay almost all the utilities use: Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage, Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,822 with 20% down (@ 3.89% 30 yr AM) OR $2,220 with 10% minimum down? Total 5 yr equity position @20% down $759,000, 10 yr equity $1,210,000. Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract and hold onto high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: all units rented are at market. Versatile Layouts: The suite configurations offers 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 * Bonus: the City clears the snow on the sidewalk in front of the building. 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 only 15 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! (Photos from when renovations were completed in 2024.) (id:23309)

Listing ID: X13225358
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Second Level	Bedroom	2.3 m x 3.5 m
Second Level	Bedroom 2	3 m x 3.6 m
Second Level	Laundry Room	3.7 m x 3.2 m
Second Level	Living Room	5.5 m x 4 m
Second Level	Kitchen	3.8 m x 2.2 m
Second Level	Bedroom	3.3 m x 3.5 m
Second Level	Bedroom 2	2.2 m x 3 m
Second Level	Laundry Room	3.7 m x 2.2 m
Second Level	Kitchen	3.8 m x 2.2 m
Second Level	Living Room	5.5 m x 4 m
Main Level	Bedroom	3.7 m x 2.4 m
Main Level	Living Room	4.2 m x 4.2 m
Main Level	Kitchen	4.3 m x 2.4 m
Main Level	Bedroom 2	3.2 m x 3.5 m
Main Level	Bedroom 3	3.5 m x 3.4 m
Main Level	Kitchen	3.3 m x 4.7 m
Main Level	Living Room	1.9 m x 4 m

Details

Amenities Nearby: Public Transit
Features: Lane, Paved yard
Parking Spaces: 4
Structure: Patio(s)
Transaction: For sale
Zoning Description: FC1RM1

Building

Amenities: Separate Electricity Meters
Appliances: Water meter, Dryer, Water Heater, Stove, Washer, Refrigerator
BasementType: None
Bedrooms Main Level: 7
Cooling: None
Exterior Finish: Brick, Vinyl siding
Fireplace Present: False
Flooring: Laminate
Foundation: Block
Bathrooms (Total): 4
Heating: Baseboard heaters, Forced air
Heating Fuel: Electric, Natural gas
Size Interior: 3000 - 3500 sqft
Stories Total: 2
Type: Fourplex
Utility Water: Municipal water

Land

Amenities: Public Transit
Fence: Fenced yard
Sewer: Sanitary sewer
Size Frontage: 31 ft ,10 in
Size Irregular: 31.9 x 151.8 FT
Surface Water: River/Stream

This property for sale is located at 91 WATER STREET S in Cambridge. It was last modified on June 1st 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Cambridge homes for sale.

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