248 Cyrus Street Cambridge, Ontario N3H 1H3
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$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:8999)
Property Details
| MLS® Number | 40842052 |
| Property Type | Single Family |
| Amenities Near By | Park, Shopping |
| Community Features | Quiet Area |
| Features | Paved Driveway |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Water Softener, Washer, Range - Gas, Microwave Built-in |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1970 |
| Construction Style Attachment | Detached |
| 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 | 2,000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Park, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 101 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Living Room | 12'9'' x 16'10'' | ||
| Lower Level | Office | 12'5'' x 7'11'' | ||
| Lower Level | Cold Room | 3'8'' x 9'6'' | ||
| Lower Level | 3pc Bathroom | 9'10'' x 5'10'' | ||
| Lower Level | Utility Room | 8'9'' x 4'9'' | ||
| Lower Level | Kitchen | 15'3'' x 8'2'' | ||
| Lower Level | Bedroom | 19'7'' x 11'4'' | ||
| Lower Level | Bedroom | 13'0'' x 13'4'' | ||
| Main Level | Dining Room | 7'8'' x 8'9'' | ||
| Main Level | 4pc Bathroom | 7'8'' x 4'8'' | ||
| Main Level | Bedroom | 8'6'' x 10'4'' | ||
| Main Level | Bedroom | 11'0'' x 10'4'' | ||
| Main Level | Primary Bedroom | 11'0'' x 10'8'' | ||
| Main Level | Kitchen | 11'10'' x 11'0'' | ||
| Main Level | Living Room | 16'3'' x 11'9'' |
https://www.realtor.ca/real-estate/29945338/248-cyrus-street-cambridge
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June 24 2026 04:01:15
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