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223 Water Street

Cambridge, ON N1R 3B9

ActiveFor Sale
4 Beds
3 Baths
1,500 Sq Ft
Multi-Family
Virtual Tour Available

About This Property

Great investment property with strong income potential. You will get vacant possession and set your own rents. The main level has living room, dining room, Eat-in kitchen, bathroom, Primary bedroom and a small bedroom with a full exist to the private backyard, The up stairs has Kitchen, eating area or living with two bedrooms and a loft. The basement has laundry, 3 piece bathroom... (currently the son is living there). The main level boasts high ceilings, a den/office/bed and a front and rear entrance. Three car parking behind the house. Conveniently located near the schools, hospital, shopping, and downtown, with nearby parks, river trails, and walking paths for outdoor recreation. Twenty minutes to the 401 and a bus stop directly across the road. Two Separate Hydro meters A real Money Maker.

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size1,500 sq ft
Bedrooms4
Bathrooms3
Taxes (2025)$3,782
Postal CodeN1R 3B9
Last UpdatedOct 29, 2026 · 12:53 p.m.

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Features & Amenities

  • Air Conditioning
  • Basement

Buying or selling in Cambridge?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® X14011376

Listed by RE/MAX REAL ESTATE CENTRE INC.

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. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$499,900

asking price

MLS®X14011376
TypeMulti-Family
CityCambridge
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,441

/month · $399,920 mortgage

Down Payment20% — $99,980
Interest Rate5.5%

Amortization

Total Interest

$332,403

Total Cost

$732,323

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

RE/MAX REAL ESTATE CENTRE INC.