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.)
For sale
C$999,000
91 Water St S, Cambridge, ON N1R 3E1
7beds
3,259sqft
Single Family Residence, Residential
Built in 1890
4,845 Square Feet Lot
$-- Zestimate®
C$307/sqft
C$-- HOA
What's special
Fully renovatedVersatile layoutsOne bachelor unit
- 100 days
- 10
- 0
Zillow last checked:
Listing updated:
Listed by:
Gordon Charles Springle, Office Manager,
Real Estate Homeward
Source: ITSO,MLS®#: 40834260Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Bedroom
- Description: Unit 1
- Features: Carpet Free, Laminate
- Level: Main
Bedroom
- Description: Unit 1
- Features: Carpet Free, Laminate
- Level: Main
Bedroom
- Description: Unit 1
- Features: Carpet Free, Laminate
- Level: Main
Bedroom
- Description: Unit 2
- Features: Carpet Free, Laminate, Walk-in Closet
- Level: Second
Bedroom
- Description: Unit 2
- Features: Carpet Free, Laminate
- Level: Second
Bedroom
- Description: Unit 3
- Features: Carpet Free, Laminate
- Level: Second
Bedroom
- Description: Unit 3
- Features: Carpet Free, Laminate
- Level: Second
Bathroom
- Description: Unit 1
- Features: 3-Piece
- Level: Main
Kitchen
- Description: Unit 1
- Features: Carpet Free, Laminate, Laundry
- Level: Main
Kitchen
- Description: Unit 2
- Features: Carpet Free, Laminate
- Level: Second
Kitchen
- Description: Unit 3
- Features: Carpet Free, Laminate
- Level: Second
Kitchen
- Description: Unit 4
- Features: Carpet Free, Laminate
- Level: Main
Laundry
- Description: Unit 2
- Features: Carpet Free, Laminate, Laundry
- Level: Second
Laundry
- Description: Unit 3
- Features: Carpet Free, Laminate, Laundry
- Level: Second
Living room
- Description: Unit 1
- Features: Carpet Free, Laminate
- Level: Main
Living room
- Description: Unit 4: living room and bedroom combined
- Features: Carpet Free, Laminate, Walkout to Balcony/Deck
- Level: Main
Other
- Description: Unit 2
- Level: Second
Other
- Description: Unti 3
- Features: Carpet Free, Laminate, Walkout to Balcony/Deck
- Level: Second
Heating
- Baseboard, Electric, Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater Owned, Dryer, Refrigerator, Stove, Washer
- Laundry: In-Suite
Features
- Separate Hydro Meters, Water Meter
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,259
- Total interior livable area: 3,259 sqft
- Finished area above ground: 3,259
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Gravel, Other, Lane/Alley Parking
- Uncovered spaces: 4
Features
- Stories: 2
- Patio & porch: Patio
- Exterior features: Balcony, Separate Hydro Meters
- Fencing: Full
- Waterfront features: River/Stream
- Frontage type: East
- Frontage length: 31.90
Lot
- Size: 4,845 Square Feet
- Dimensions: 31.9 x 151.9
- Features: Urban, Ample Parking, High Traffic Area, Public Parking, Public Transit
Details
- Parcel number: 038160265
- Zoning: FC1RM1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Vinyl Siding
- Foundation: Concrete Block
- Roof: Asphalt Shing, Flat
Condition
- 100+ Years
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal-Metered
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Other
Location
- Region: Cambridge
Financial & listing details
- Price per square foot: C$307/sqft
- Annual tax amount: C$5,743
- Date on market: 6/1/2026
- Inclusions: Dryer, Refrigerator, Stove, Washer, 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
- Exclusions: Tenant Belongings
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Price change | C$999,000-22.9%C$307/sqft |
Source:  TRREB #X13225358 Report a problem | ||
| 1/17/2025 | Price change | C$1,295,000-7.2%C$397/sqft |
Source: TRREB #X10416523 Report a problem | ||
| 11/9/2024 | Listed for sale | C$1,395,000C$428/sqft |
Source: TRREB #X10416523 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: N1R
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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