91 Water Street S, Cambridge, ON N1R 3E1
Cambridge · Near Water and Concession · View map
About this home
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.)
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 7
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 25
- Basement
- Half
- Lot size
- 31.9 x 151.8 ft
- Faces
- East
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Lane
Taxes & other
- Property taxes
- $5,743/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Water and Concession
More
- Price per sq ft
- ~$307 (at 3,250 sq ft)
- MLS® number
- X13225358
No matching details. Ask Will instead
The home and its surroundings
- Separate Hydro Meter
- Fenced Yard
- Public Transit
- River/Stream
- Patio
- Paved Yard
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
91 Water Street, Cambridge, ON N1R 3E1
Cambridge · Near Water and Concession
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 91 Water Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 91 Water Street S
Answers come straight from this home’s MLS® listing.
How much is 91 Water Street S listed for, and what would it cost each month?
91 Water Street S is listed for $999,000. With 20% down ($199,800), the mortgage payment would be roughly $4,030 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,508 a month, all in. That figure is an illustration, not a quote.
Is 91 Water Street S freehold or a condo, and is there a monthly fee?
91 Water Street S is a fourplex in Cambridge. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 91 Water Street S have?
91 Water Street S has 7 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 91 Water Street S have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 91 Water Street S have a finished basement?
The listing describes the basement as half.
What style of home is 91 Water Street S?
91 Water Street S is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 91 Water Street S, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 31.9 x 151.8 ft.
How is 91 Water Street S heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 91 Water Street S?
Property taxes are $5,743 a year (2025), or about $479 a month.
Where is 91 Water Street S?
91 Water Street S is in Cambridge. The nearest main intersection is Water and Concession. The postal code is N1R 3E1.
Is 91 Water Street S still for sale?
Yes. It is an active listing (MLS® X13225358). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 91 Water Street S asking?
Similar properties for sale nearby right now include 1561-1567 Queenston Road at $999,900 (8 bed), 135 Elgin Street N at $999,955 (6+2 bed) and 87 Scott Road at $1,095,000 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 91 Water Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 91 Water Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Cambridge, picked by style, size and price.
Multiplex$999,9001561-1567 Queenston Road, Cambridge8 bed · 4 bathCourtesy of: Coldwell Banker Neumann Real EstateView home →
Duplex$999,955135 Elgin Street N, Cambridge6+2 bed · 4 bathCourtesy of: HOMELIFE/VISION REALTY INC.View home →
Duplex$1,095,00087 Scott Road, Cambridge5 bed · 5 bathCourtesy of: RE/MAX TWIN CITY FAISAL SUSIWALA REALTYView home →Courtesy of: REAL ESTATE HOMEWARD
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.