248 Cyrus Street Cambridge, Ontario N3H 1H3
$649,900
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:56248)
Property Details
| MLS® Number | X13483020 |
| Property Type | Multi-family |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| 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 |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 700 - 1,100 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 101 Ft ,2 In |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 101.2 Ft |
| Size Total Text | 50 X 101.2 Ft |
| Zoning Description | R4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bathroom | 3 m | 1.78 m | 3 m x 1.78 m |
| Lower Level | Utility Room | 2.67 m | 1.45 m | 2.67 m x 1.45 m |
| Lower Level | Cold Room | 1.12 m | 2.9 m | 1.12 m x 2.9 m |
| Lower Level | Bedroom | 5.97 m | 3.45 m | 5.97 m x 3.45 m |
| Lower Level | Kitchen | 4.65 m | 2.49 m | 4.65 m x 2.49 m |
| Lower Level | Bedroom | 3.96 m | 4.06 m | 3.96 m x 4.06 m |
| Upper Level | Primary Bedroom | 3.35 m | 3.25 m | 3.35 m x 3.25 m |
| Upper Level | Bedroom | 3.35 m | 3.15 m | 3.35 m x 3.15 m |
| Upper Level | Bedroom | 2.59 m | 3.15 m | 2.59 m x 3.15 m |
| Upper Level | Kitchen | 3.61 m | 3.35 m | 3.61 m x 3.35 m |
| Upper Level | Bathroom | 2.34 m | 1.42 m | 2.34 m x 1.42 m |
| Upper Level | Dining Room | 2.34 m | 2.67 m | 2.34 m x 2.67 m |
| Upper Level | Living Room | 4.95 m | 3.58 m | 4.95 m x 3.58 m |
https://www.realtor.ca/real-estate/29946251/248-cyrus-street-cambridge
Interested?
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 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 trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 24 2026 04:35:48
The Lakelands Association of REALTORS®
Keller Williams Home Group Realty