Brick exterior featuring a covered porch, established shrubbery, and a wooden privacy fence Features: horizontal siding, brick siding, gutters, parking pad, lawn, fence, concrete foundation, downspout, porch More Photos

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    For Sale - 248 Cyrus Street, Cambridge, Ontario

    Est payment $3,357/mo
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    Views   4
    Time on Jump  55 day

    AI Summary *

    • Renovated bungalow with a legal accessory apartment for added income.
    • Upper unit leased for $2,500/month, providing immediate cash flow.
    • Vacant lower-level apartment offers flexible living or rental options.
    • Parking for 5 to 6 vehicles, ideal for guests or multi-generational living.
    • Great opportunity for first-time buyers and savvy investors alike.




    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.
    Listing IDX13626800
    Address248 Cyrus Street
    CityCambridge, Ontario
    Price$699,000
    Bed / Bath5 / 2 Full
    StyleBungalow-Raised, Duplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Accessory ApartmentOwnership FreeholdBasement Apartment, Finished with Walk-Out, Separate EntranceFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Agency:  Keller Williams Home Group Realty

    * Data is provided courtesy of PROPTX. 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. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    248 Cyrus Street
    Cambridge , Ontario
    5 2 $699,000
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