91 Water St S is a 7-bedroom, 4-bathroom fourplex in Cambridge, listed for $999,000. It has 3000-3500 sq ft of living space.
1Total 5 yr equity position @20% down $759,000, 10 yr equity $1,210,000.
2Why 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.
3Plus, 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.
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.)
7 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $333 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 91 Water St S
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
4 spaces
Basement
Half
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Half
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Fourplex
91 Water St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13225358$999,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 91 Water St S Compares to the Cambridge Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,908
/mo
based on the purchase price of $999,000
$199,800 cash
$799,200 financed
$673,136 total interest
Principal54%$799,200
Interest46%$673,136
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 91 Water St S
Homes for sale in Cambridge
Every active Cambridge MLS® listing, updated all day.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio99.8%On average, homes sold below asking.
Active listings429Homes for sale here right now.
Median vs prior 90 days+2.2%Compared with May 3 – Aug 1, 2026: prices up.
Based on 429 sales from Aug 1 – Oct 30, 2026 (397 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 91 Water St S
How much is 91 Water St S listed for?
91 Water St S is listed at $999,000 (MLS® X13225358). Summitly updates the price as soon as the MLS® record changes.
Is $999,000 a good price for 91 Water St S?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Cambridge. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 91 Water St S changed?
No — 91 Water St S is still listed at its original asking price of $999,000.
How many bedrooms and bathrooms does 91 Water St S have?
91 Water St S has 7 bedrooms and 4 bathrooms, with about 3,000–3,500 square feet of living space. It is a fourplex in Cambridge.
How much would the monthly mortgage be on 91 Water St S?
About $4,908 a month — principal and interest on $999,000 with 20% down ($199,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 91 Water St S compare with other homes in Cambridge?
Its asking price of $999,000 is about 45% above the median sold price in Cambridge over the last 90 days, $690,000, across 429 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 91 Water St S been sold before?
Summitly has no earlier MLS® sale or lease of 91 Water St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 91 Water St S?
91 Water St S is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 91 Water St S been on the market?
151 days — 91 Water St S was listed on June 1, 2026.
What is the price per square foot of 91 Water St S?
About $285 to $333 per square foot: the asking price of $999,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 91 Water St S have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 91 Water St S have a basement, and is it finished?
