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$999,000
For SaleListed 93 days agoVirtual Tour

91 Water Street South, Cambridge, ONN1R 3E1

Cambridge
7
4
3,000–3,500 ft²
Fourplex4 Parking31.9 × 151.8 ft Lot
Listed by REAL ESTATE HOMEWARD

Assigned school

61% EQAO

Central Public School

Childcare

6 centres

0.5 km closest

Explore this address →

Property Information

Property TypeFourplex
Lot Size31.9 × 151.8 ft
BasementHalf
Parking4 parking spaces · Lane
Property taxes$5,743/yr (2025)
Days on Market93 Days
Listed DateJun 1, 2026
MLS® NumberX13225358

Monthly Cost

Description

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.)

Listing History

Event
Date
Price
Listed
Jun 1, 2026
$999,000

Shows activity for this MLS® listing. Prior listings and sold records appear when available.

Location

Map showing 91 Water Street South, Cambridge, ON N1R 3E1 inside the Central Public School attendance boundaryView on Map

School Catchments

School boundaries and eligibility may change. Confirm school eligibility directly with the school board.

All Cambridge school catchments

Licensed Childcare Nearby

6 licensed centres nearby · closest 540 m

Licensed Child Care Centre
Central Wrdsb Before And After School Programs
175 Main Street, Cambridge
0.5 km
Before & after school
Operator: Waterloo Region District School Board
Licence #59282·Child Care Centre
Licensed Child Care Centre
Ywca Linc Preschool
6 Cambridge Street, Cambridge
0.7 km
Half day
Operator: Ywca Of Cambridge
Licence #0001340·Child Care Centre
Licensed Child Care Centre
Ga’NigǫHi:Yo Indigenous Child Care And Family Centre
30 Christopher Drive, Cambridge
1.0 km
Full day
Operator: The Healing Of The Seven Generations “A Community Healing Strategy & Support Program”
Licence #62192·Child Care Centre
Licensed Child Care Centre
Montessori Academy Learning Centre Of Cambridge
82 Beverly Street, Cambridge
1.1 km
Full day
Operator: Montessori Academy Learning Centre Of Cambridge Inc
Licence #57781·Child Care Centre
Licensed Child Care Centre
Highland Wrdsb Before And After School Programs
125 Salisbury Avenue, Cambridge
1.1 km
Before & after school
Operator: Waterloo Region District School Board
Licence #59323·Child Care Centre
Licensed Child Care Centre
Montessori School Of Cambridge - Roseview
9 Roseview Avenue, Cambridge
1.1 km
Full day · Half day
Operator: The Montessori School Of Cambridge
Licence #06221·Child Care Centre

Area Checks

Also checked, nothing flagged at this location: conservation-regulated areas, provincially significant wetlands, the Greenbelt, the Oak Ridges Moraine, the Niagara Escarpment plan, areas of natural and scientific interest, rail corridors, hydro transmission corridors.

Not openly mapped for this area (ask the local conservation authority): flood hazard mapping.

Screened against public government mapping at this home’s location — simplified boundaries, not a survey, an appraisal or a legal determination. Confirm anything that matters with the authority named.

About This Community

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DistrictIQ Inc., BrokerageMLS® data provided by PropTxUpdated Jun 1, 2026
Data sources & legal disclosures

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