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 (6% CAP rate), this is truly a rare opportunity. This 4plex means that if you want to move in, you can pick the bachelor or a 2 bedroom or the 3 bedroom * Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: Three out of four units are currently vacant, giving you the flexibility to set market-rate rents right from the start. The third unit, the smaller 2-bedroom, is already rented at $1,900/month plus utilities (current market rate), proving the income potential * Total projected: cash flow of $1,122/mo, total 5 year equity of $600k, 10 year equity $975k, 15 year equity $1.4m * 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 * (House is virtually staged.) The asphalt walkway to the south side of the house will be replaced in September * 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 10 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!
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 * Concrete walkway on the south side of the house will be replaced in November
PT LT 13 E/S WATER ST S PL 615 CAMBRIDGE AS IN 1278896; S/T & T/W 1278896; CAMBRIDGE
Parcel of Tied Land
N
Possession Date
Flexible
Taxes (2024)
$3,750
Directions/Cross Streets
Concession and Water Street
Area
Waterloo
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Fronting On
E
Link
N
Property Features
Fenced Yard, Public Transit, River/Stream
Special Designations
Unknown
Bedrooms
7
Bathrooms
4
Rooms
25
Kitchens
4
Lot
153 x 33.5 ft
Approximate Square Footage
3000-3500
Exterior
Brick, Vinyl Siding
Air Conditioning
None
Family Room
N
Fireplace/Stove
N
Pool
None
Laundry Level
Main
Basement
Half
Drive
Lane
Garage Spaces
0.0
Garage Type
None
Parking Spaces
4
Total Parking Spaces
4.0
Heat Source
Electric
Heat Type
Baseboard
Sewers
Sewers
Water
Municipal
UFFI
Removed
Zoning
FC1RM1
Seller Property Info Statement
N
Rooms
Room
Level
Dimensions
Notes
Br
Main
3.7 m x 2.4 m(12.14 ft x 7.87 ft)
Laminate
2nd Br
Main
3.2 m x 3.5 m(10.5 ft x 11.48 ft)
Laminate, Closet
3rd Br
Main
3.5 m x 3.4 m(11.48 ft x 11.15 ft)
Laminate
Kitchen
Main
3.3 m x 4.7 m(10.83 ft x 15.42 ft)
Laminate
Living
Main
1.9 m x 4 m(6.23 ft x 13.12 ft)
Laminate
Br
Main
3.3 m x 3.5 m(10.83 ft x 11.48 ft)
Laminate
2nd Br
Main
2.2 m x 3 m(7.22 ft x 9.84 ft)
W/I Closet
Laundry
Main
3.7 m x 2.2 m(12.14 ft x 7.22 ft)
Laminate
Kitchen
Main
3.8 m x 2.2 m(12.47 ft x 7.22 ft)
Laminate
Living
Main
5.5 m x 4 m(18.04 ft x 13.12 ft)
Laminate, Closet
Br
Main
2.3 m x 3.5 m(7.55 ft x 11.48 ft)
Laminate, Closet
2nd Br
Main
3 m x 3.6 m(9.84 ft x 11.81 ft)
Laminate
Bathrooms
Pieces
Level
3
Ground
3
Ground
3
Ground
3
2nd
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