For Sale
223 Water Street
Cambridge, ON
$499,900
4Bd
3Ba
1,750+sqft
3Parking
33 x 165 ftlot
$286/sqft
MultiplexMLS# X12947170Listed 2026-04-0119 DOM
Cooling
Central Air
About this home
Great investment opportunity: legal duplex with strong income potential. You can get vacant possession and set your own rents. This up-and-down property includes two units 1-bedroom unit, two bedroom unit plus a possible of a basement in-law suite (currently the son is living there). The upper unit offers a playful loft for extra living . The main level boasts high ceilings, a den/office, and a front and rear entrance. Ample 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.
In-law Suite
Features
- Accessory Apartment
- In-Law Capability
- In-Law Suite
- Primary Bedroom - Main Floor
- Deck
- Full
- Walk-Up
- Separate Entrance
- Central Air
- 2 1/2 Storey
Financials
Annual Taxes
$3,782.4
Estimated Rental Income
Entire property$4,000 – $6,500/mo
Rental yield9.6% – 15.6%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Cambridge
Days on market19 days
Buyer's MarketSeller's Market
Based on active listings in Cambridge. Data updates daily.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
56
/ 100
Walk Score
Somewhat Walkable
43
/ 100
Transit Score
Some Transit
56
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. 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. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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