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248 CYRUS STREET, CAMBRIDGE
2026-06-24
Quick Summary
- Location
- 248 CYRUS STREET, CAMBRIDGE, Ontario N3H1H3
- Price
- $649,900
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 700 - 1100 sqft
- Bedrooms:
- 3 bed +2
- Bathrooms:
- 2
- Garages:
- 5
MLS®#X13483020
Property Description
LIVE FOR FREE IN CAMBRIDGE! An exceptional opportunity for homeowners and investors alike. This beautifully renovated bungalow with a legal accessory apartment offers the rare chance to significantly offset your mortgage-or potentially live for little to no cost-thanks to the strong rental income already in place. Situated on a generous 50-foot-wide lot in a desirable Cambridge neighbourhood, this property has been extensively updated from top to bottom. With major improvements already completed, including updated mechanicals, there is truly nothing left to do but move in and enjoy. The upper unit is currently leased to a wonderful family for $2,500 per month, providing immediate income from day one. The vacant lower-level legal apartment offers incredible flexibility: occupy it yourself while collecting rent from upstairs, or rent both units and maximize your return. Outside, you'll appreciate the newly widened driveway with parking for 5 to 6 vehicles, making it ideal for multi-generational living, tenants, guests, or hobbyists requiring extra parking. Whether you're a first-time buyer looking for mortgage assistance, a savvy investor seeking a turn-key income property, or someone wanting flexible living arrangements, this home checks all the boxes. Please note: Photos of the upper-level unit were taken prior to the current tenancy. The space is presently occupied by an excellent family who always pay their rent on time . Properties offering this level of renovation, flexibility, and income potential rarely become available. Don't miss your opportunity to own a turn-key property that works for you from the moment you take possession. (id:32467)
Property Features
Building
- Appliances: Water meter, Dryer, Stove, Water Heater, Washer, Water softener, Refrigerator
- Architectural Style: Raised bungalow
- Basement Development: Finished
- Basement Features: Apartment in basement, Walk out, Separate entrance
- Basement Type: N/A, N/A (Finished), N/A
- Cooling Type: Central air conditioning
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 700 - 1100 sqft
- Building Type: Duplex
- Stories: 1
- Utility Water: Municipal water
Land
- Land Size: 50 x 101.2 FT
- Sewer: Sanitary sewer
Zoning
- Description: R4
Information entered by Keller Williams Home Group Realty
Listing information last updated on: 2026-06-24 16:35:48
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Over a dozen years licensed as a Sales Representative in Ontario. I have worked with as different ty ...
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