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MLS® X13225358
Cambridge, ON
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.)
Inclusions
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
Exclusions
Tenant belongings
Broker
REAL ESTATE HOMEWARD
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Fourplex
91 Water Street S Cambridge
Cambridge
Built
100+
Type
Fourplex
Basement
Half
Parking
None (4)
Property Tax
~$5,743/yr
Heating
Baseboard
Buying Essentials
Square Feet
3250 sqft
Facing Direction
East
Parking
None (4)
Finances
List Price
$999,000
Price per SQFT
$307/sqft
Property Tax
~$5,743/yr
Property Specs
Property Type
Fourplex
MLS Size
3250 sqft
Age of Building
100+
Basement
Half
Living & Amenities
Heating Type
Baseboard
Features
Separate Hydro Meter
Policies & Utilities
Neighbourhood
Cambridge
Listed On
Jun 1, 2026
Fenced Yard
Public Transit
River/Stream
Days on Market
Current: 159 days
Laminate
12.1 x 7.9
96 sqft
Laminate
10.5 x 11.5
121 sqft
Laminate
11.5 x 11.2
128 sqft
Laminate
10.8 x 15.4
167 sqft
Laminate
6.2 x 13.1
82 sqft
Laminate
10.8 x 11.5
124 sqft
Laminate, Walk-In Closet(s)
7.2 x 9.8
71 sqft
Laminate
12.1 x 7.2
88 sqft
Laminate
12.5 x 7.2
90 sqft
Laminate
18.0 x 13.1
237 sqft
Laminate
7.5 x 11.5
87 sqft
Laminate
9.8 x 11.8
116 sqft
Laminate
12.1 x 10.5
127 sqft
Laminate
18.0 x 13.1
237 sqft
Laminate
12.5 x 7.2
90 sqft
Laminate
13.8 x 13.8
190 sqft
Laminate
14.1 x 7.9
111 sqft
Rooms
17
Listed Room Area
2,162 sqft
Source
Estimated from MLS room dimensions
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