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$ 649,900
Est. payment /mo
New
248 Cyrus ST Cambridge, ON N3H 1H3
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
MLS Listing ID X13483020
Style Bungalow-Raised
Bedrooms 5
Annual Tax Amount $4,173
Tax Year 2026
Property Sub-Type Duplex
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Apartment, Finished with Walk-Out, Separate Entrance
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Accessory Apartment
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 101.16
Total Parking Spaces 5
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by Keller Williams Home Group Realty