248 Cyrus Street Cambridge, Ontario N3H 1H3
$699,000
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:13139)
Property Details
| MLS® Number | X13626800 |
| Property Type | Multi-family |
| ParkingSpaceTotal | 5 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 5 |
| Appliances | Water Meter, Dryer, Stove, Water Heater, Washer, Water Softener, Refrigerator |
| ArchitecturalStyle | Raised Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement, Walk Out, Separate Entrance |
| BasementType | N/a, N/a (finished), N/a |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 101 Ft ,2 In |
| SizeFrontage | 50 Ft |
| SizeIrregular | 50 X 101.2 Ft |
| SizeTotalText | 50 X 101.2 Ft |
| ZoningDescription | R4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom | 3.96 m | 4.06 m | 3.96 m x 4.06 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 | 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 |
| Upper Level | Primary Bedroom | 3.35 m | 3.25 m | 3.35 m x 3.25 m |
| Upper Level | Living Room | 4.95 m | 3.58 m | 4.95 m x 3.58 m |
| Upper Level | Bedroom | 2.59 m | 3.15 m | 2.59 m x 3.15 m |
| Upper Level | Bathroom | 2.34 m | 1.42 m | 2.34 m x 1.42 m |
| Upper Level | Bedroom | 3.35 m | 3.15 m | 3.35 m x 3.15 m |
| Upper Level | Dining Room | 2.34 m | 2.67 m | 2.34 m x 2.67 m |
| Upper Level | Kitchen | 3.61 m | 3.35 m | 3.61 m x 3.35 m |
https://www.realtor.ca/real-estate/30102363/248-cyrus-street-cambridge
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July 31 2026 08:30:47
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Keller Williams Home Group Realty