7 Bedroom
4 Bathroom
3,000 - 3,500 ft2
Baseboard Heaters
$1,250,000
Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven 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. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * 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 * 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 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute 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) (id:50976)
Property Details
|
MLS® Number
|
X12067486 |
|
Property Type
|
Single Family |
|
Amenities Near By
|
Public Transit |
|
Features
|
Lane, Paved Yard |
|
Parking Space Total
|
4 |
|
Structure
|
Patio(s) |
Building
|
Bathroom Total
|
4 |
|
Bedrooms Above Ground
|
7 |
|
Bedrooms Total
|
7 |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Dryer, Water Heater, Stove, Washer, Refrigerator |
|
Construction Style Attachment
|
Detached |
|
Exterior Finish
|
Brick, Vinyl Siding |
|
Flooring Type
|
Laminate |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Baseboard Heaters |
|
Stories Total
|
2 |
|
Size Interior
|
3,000 - 3,500 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Fenced Yard |
|
Land Amenities
|
Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
153 Ft |
|
Size Frontage
|
33 Ft ,6 In |
|
Size Irregular
|
33.5 X 153 Ft |
|
Size Total Text
|
33.5 X 153 Ft |
|
Surface Water
|
River/stream |
|
Zoning Description
|
Fc1rm1 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Primary Bedroom |
3 m |
3.6 m |
3 m x 3.6 m |
|
Second Level |
Bedroom |
2.3 m |
3.5 m |
2.3 m x 3.5 m |
|
Second Level |
Living Room |
3.5 m |
5.3 m |
3.5 m x 5.3 m |
|
Second Level |
Kitchen |
3.7 m |
2.4 m |
3.7 m x 2.4 m |
|
Second Level |
Laundry Room |
2.3 m |
1.8 m |
2.3 m x 1.8 m |
|
Second Level |
Primary Bedroom |
3.3 m |
3.5 m |
3.3 m x 3.5 m |
|
Second Level |
Bedroom 2 |
2.2 m |
3 m |
2.2 m x 3 m |
|
Second Level |
Laundry Room |
3.7 m |
2.2 m |
3.7 m x 2.2 m |
|
Second Level |
Kitchen |
3.8 m |
2.2 m |
3.8 m x 2.2 m |
|
Second Level |
Living Room |
5.5 m |
4 m |
5.5 m x 4 m |
|
Main Level |
Primary Bedroom |
3.7 m |
2.4 m |
3.7 m x 2.4 m |
|
Main Level |
Bedroom 2 |
3.2 m |
3.5 m |
3.2 m x 3.5 m |
|
Main Level |
Living Room |
4.2 m |
4.2 m |
4.2 m x 4.2 m |
|
Main Level |
Kitchen |
4.3 m |
2.4 m |
4.3 m x 2.4 m |
|
Main Level |
Bedroom 3 |
3.5 m |
3.4 m |
3.5 m x 3.4 m |
|
Main Level |
Kitchen |
3.3 m |
4.7 m |
3.3 m x 4.7 m |
|
Main Level |
Living Room |
1.9 m |
4 m |
1.9 m x 4 m |
https://www.realtor.ca/real-estate/28132783/91-water-street-s-cambridge
