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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by Gordon Charles Springle • Real Estate Homeward

$ 999,000

Est. payment | -/mo

7 Beds

1 Bath

3,259 SqFt

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$ 999,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

1 Bath

3,259 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,259 sqft

Price per Sqft $306

MLS Listing ID 40834260

Bedrooms 7

Full Baths 1

Abv Grd Liv Area 3,259

Year Built 1890

Annual Tax Amount $5,743

Property Sub-Type Detached

Source Cornerstone

Property 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 (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.)

Location

Province ON

County Waterloo

Area 12 - Galt East

Zoning FC1RM1

Direction North of Concession St on Water St South

Rooms

Basement Partial, Unfinished

Main Level Bedrooms 3

Bedroom 2 4

Kitchen 4

Interior

Interior Features Separate Hydro Meters, Water Meter

Heating Baseboard, Electric, Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Water Heater Owned, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Exterior Feature Balcony, Separate Hydro Meters

Parking Features Gravel, Other

Fence Full

Waterfront Description River/Stream

Roof Type Asphalt Shing,Flat

Handicap Access Hard/Low Nap Floors

Porch Patio

Lot Frontage 31.9

Lot Depth 151.9

Garage No

Building

Lot Description Urban, Ample Parking, High Traffic Area, Public Parking, Public Transit

Faces North of Concession St on Water St South

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal-Metered

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 038160265

Ownership Freehold/None

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B, 2N0, CAN

91 Water Street S Cambridge, ON N1R 3E1

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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91 Water Street S