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.)
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Construction:
Brick, Vinyl Siding
Basement:
Partial, Unfinished
Linked Foundation:
No
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.303 m2
# Main Level Bedrooms:
3
# Main Level Bathrooms:
1
Finished Area Above Grade:
3,259 sq. ft.303 m2
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal-Metered
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Baseboard, Electric, Forced Air, Natural Gas
Age Electric:
2024
Age Furnace:
2010
Age Plumbing:
2024
Age Tank:
2024
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
Water Heater Owned, Dryer, Refrigerator, Stove, Washer
Tenant Belongings
Separate Hydro Meters, Water Meter
Balcony, Separate Hydro Meters
Patio
false
River/Stream
No
North of Concession St on Water St South
Flood Plain
No
Carbon Monoxide Detector(s), Smoke Detector(s), Other
Data was last updated September 1, 2026 at 01:50 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$499,900
Min list price:
$314,900
Max list price:
$1,449,900
Avg days on market:
76
Min days on market:
14
Max days on market:
180
Avg price per sq.ft.:
$464
These statistics are generated based on the current listing's property type
and located in
20 - City Core/Wellington. Average values are
derived using median calculations. This data is not produced by
the MLS® system.