150 Water Street N 601, Cambridge

$349,900
150 Water Street N 601

$349,900

New
16d
Condo Apartment1 Storey/Apt

150 Water Street N 601, Cambridge

Total Monthly Obligation $2,554

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
16d
Score
18
Yield
6.7%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Condo Apartment
MLS® Number-X13870248
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,644.35 (2026)
Maintenance-$638.81/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Red And White Realty Inc
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Roof-Unknown
Foundation-Other
Possession-30-59 days
Title-Residential Condo & Other

No agent assigned

WELCOME TO 150 WATER STREET NORTH UNIT 601! This desirable condo is in the heart of downtown Cambridge along the Grand River. Step into the modern, open concept layout, featuring a high-end kitchen with granite counters, stainless steel appliances (Dishwasher: 2026, Fridge: 2024, Stove: 2024), and spacious breakfast bar. The stylish living room includes a rustic accent wall with a walkout to the balcony with views of the Grand River. Just off of the living room is your master bedroom with a large floor to ceiling window allowing for lots of natural light. The condo also offers a bright 4 piece bathroom and in-suite laundry. Unit includes 1 Underground Parking Space & 1 Surface Parking Space (Currently being rented out). The building amenities include an exercise room, party room and visitor parking. Nestled near the vibrant Gaslight District, charming restaurants, and the Mill of Cambridge, you'll also have immediate access to the scenic waterfront trail which leads to the Paris trail system. Within minutes to the city core of Galt, schools, shopping, restaurants and much more for you to enjoy! Don't miss this opportunity. Book your showing today!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,554/mo
Mortgage $1,411
Monthly Loss $2,182
Principal$371
Interest$1,040
Property Tax$304
Condo Fees$639
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.9%0
5-Year IRR
6.0%14
10-Year IRR
7.9%
Returns Index
8.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$23,304/yr
NOI
$7,264/yr
Net Cash Flow
-$806/mo
Cash Margin
-41.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
28.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 150 Water Street N 601

Time

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Data last updated within the past 24 hours.