Active Fourplex For Sale 20 DOM
$999,000
MLS® X13225358

91 Water Street S, Cambridge, ON N1R 3E1

Cambridge · N1R 3E1
Monthly cost · estimate
$0/mo
— · — · —
🤖
Hunter's read
Four-plex with separate meters and tenant-paid utilities generating 7.91% cap rate—ideal for owner-occupant investors seeking immediate cash flow.
7
Beds
4
Baths
3000-3500
Sqft
4
Parking

About this home

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.)

📋 Property summary 7 details
Property Type
Fourplex
Style
['2-Storey']
Square Footage
3000-3500
Days on Market
20 days
Annual Taxes
$5,743
Lot Size
31.9' × 151.8'
Parking
4.0 spaces
🏠 Interior 1 features
Basement
Half
Interior features
Separate Hydro Meter
🧱 Building & exterior
Foundation
Concrete Block
Exterior
Brick, Vinyl Siding
Other structures
None
⚡ Utilities
Heating
Baseboard
Cooling
['None']
Sewer
['Sewer']
📐 Rooms & dimensions 17 rooms · 2 levels
Main
Bedroom 2 3'2" × 3'6"
Bedroom 3 3'6" × 3'5"
Kitchen 3'4" × 4'8"
Living Room 1'11" × 4'
Living Room 4'2" × 4'2"
Kitchen 4'4" × 2'5"
Bedroom 3'8" × 2'5"
Second
Bedroom 3'4" × 3'6"
Bedroom 2 2'2" × 3'
Laundry 3'8" × 2'2"
Kitchen 3'10" × 2'2"
Living Room 5'6" × 4'
Bedroom 2'4" × 3'6"
Bedroom 2 3' × 3'7"
Laundry 3'8" × 3'2"
Living Room 5'6" × 4'
Kitchen 3'10" × 2'2"
🌳 Lot & land
Frontage
31.9 ft
Depth
151.8 ft
Shape
Rectangular
Source
MPAC
📦 Inclusions & exclusions
Included with sale

4 of each: fridge, stove, washer/dryer; 4 of each: fridge, stove, washer/dryer; electric hot water tanks so tenants pay for usage of each unit's own heat, gas and water; all light fixtures, all light fixtures

Excluded from sale

Tenant belongings

📃 Listing details
MLS® Number
X13225358
Days on Market
20 days
Possession
Flexible
Listing Brokerage
REAL ESTATE HOMEWARD

Listing information sourced from TRREB MLS® via PropTx. This property is being represented by the listing brokerage shown above. Ishaan Verma of Royal LePage Certified Inc. is happy to represent buyers viewing this property.

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About Cambridge

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$999,000
91 Water Street S, Cambridge, ON N1R 3E1
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