For Sale: 91 Water Street S, Cambridge, ON - REW
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$999,000
7 bd • 1 ba • 3259 sf • House
91 Water Street S
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$999,000
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91 Water Street SCambridge, ON, N1R 3E1

  • 7 Bed
  • 1 Bath
  • 3259 Sqft
  • House

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.)
Listed by: Gordon Charles Springle, REAL ESTATE HOMEWARD

Home facts and features

Price details
List Price
$999,000
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Gross Taxes for 2026
$5,743
Home facts
Bedrooms
7
Full Bathrooms
1
Parking Spaces
4
Parking Details
Other, Gravel
Property Type
House
Lot Size
31 ft x 151 ft (4846 ft²)
Depth
151.9
Frontage
31.9
Year Built
Built in 1890 (136 yrs old)
Heating Type
Baseboard,Electric,Forced Air,Natural Gas
Basement Details
Partial,Unfinished
Features
Balcony, Carbon Monoxide Detector(s), Hard/low Nap Floors, In-suite, River/stream, Separate Hydro Meters, Smoke Detector(s), Water Meter
Appliances
4 Of Each: Fridge, Dryer, Gas And Water; All Light Fixtures, Refrigerator, Stove, Washer, Washer/dryer; Electric Hot Water Tanks So Tenants Pay For Usage Of Each Unit's Own Heat
Agent details
Primary Agent
Primary Broker
REAL ESTATE HOMEWARD
Listing details
Days on REW
7 Days
MLS® Number
40834260
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Property Insights

Central Public School
  • Public
  • JK - 6
St Andrew's Public School
  • Public
  • 6 - 8
Highland Public School
  • Public
  • JK - 6
St Gregory Catholic Elementary School
  • Catholic
  • JK - 8
Glenview Park Secondary School
  • Public
  • 9 - 12
Stewart Avenue Public School
  • Public
  • JK - 8
St Francis Catholic Elementary School
  • Catholic
  • JK - 8
St Vincent de Paul Catholic Elementary School
  • Catholic
  • JK - 8
Chalmers Street Public School
  • Public
  • JK - 6
Galt Collegiate Vocational Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Gordon Springle
Phone:
416-693-4284
Cell:
647-699-6764
Office:
416-698-2090
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