Multi-Residential Listings

91 Water Street S
20 - City Core/Wellington Cambridge N1R 3E1

$999,000
Residential Income beds: 7 baths: 4.0 3,259 sq. ft. built: 1890

Main Photo: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 1: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 2: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 3: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 4: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 5: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 6: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 7: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 8: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 9: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 10: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 11: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 12: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 13: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 14: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 15: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 16: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 17: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 18: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 19: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 20: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 21: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 22: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 23: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 24: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 25: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Photo 26: 91 Water Street S in Cambridge: 20 - City Core/Wellington Multi-4 Unit for sale (12 - Galt East)  : MLS®# 40835521
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40835521
Bedrooms:
7
Bathrooms:
4
Year Built:
1890
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.)
Property Type:
Residential Income
Property SubType:
Multi-4 Unit
Year built:
1890 (Age: 136)
Listing General Location:
20 - City Core/Wellington, 12 - Galt East
Bedrooms:
7
Bathrooms:
4.0 (Full:-/Half:-)
Lot Details:
33.5 x 153
Lot Depth:
153'
Lot Frontage:
33'6"
Frontage Type:
East
Kitchens:
0
County Or Parish:
Waterloo
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: Yes, New Construction: No
Construction:
Brick, Vinyl Siding
Basement:
Partial, Unfinished
Foundation:
Concrete Block
Roof:
Asphalt Shing, Flat
Year Roof Replaced:
2023
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
3,259 sq. ft.
Finished Area Above Grade:
3,259 sq. ft.
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal
Water Meter:
Yes
Water Treatment:
No
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Baseboard, Electric, Forced Air, Natural Gas
Age Electric:
2024
Age Furnace:
2010
Age Plumbing:
2024
Age Tank:
2024
Carbon Monoxide Detector,Smoke Detector,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
Dryer, Refrigerator, Stove, Washer
Tenant Belongings
Separate Hydro Meters
Balcony, Separate Hydro Meters
Patio
false
No
North of Concession St on Water St South
Unknown
No
Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
Survey Year:
1987
HST Applicable To Sale Price:
No
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: Yes, New Construction: No
Electric Expense:
$276
Insurance Expense:
$2,364
Expenses:
Actual
Heating Expense:
$756
Net Income:
$79,044
Leases:
Yes
Zoning:
FC1RM1
Fencing:
Full
Exposure / Faces:
West
Lot Site Features:
Rectangular, Ample Parking, High Traffic Area, Public Parking, Public Transit
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: Yes, New Construction: No
Garage Spaces:
0.0
Parking Places Covered:
0.0
Parking:
Other
# Of Total Parking Spaces:
4.0
# Of Open Parking Spaces:
4.0
Driveway Parking:
Lane/Alley Parking
Num Apartment Units:
0
Num Bachelor Units:
1
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Num Occupied Units:
4
Listed Date:
Jun 01, 2026
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Listed by Real Estate Homeward
Data was last updated September 2, 2026 at 09:50 AM (UTC)