Address
248 Cyrus Street, Cambridge, ON
Price
$ 699,000
Property Attributes
- ID#40852664
- TypeSingle Family
- Listing Status Active
- MunicipalityCambridge
- CityCambridge
- AreaCambridge
- Neighbourhood52 - Preston North
- Postal CodeN3H 1H3
- Style
- Year Built1970
- Price$ 699,000
- Bedrooms3+2
- Bathrooms2
- Half Bathrooms0
- Sqr Footage1000
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)
General Features
| Features | Paved driveway |
|---|---|
| Community Features | Quiet Area |
| Property Type | Single Family |
| Zoning Description | R4 |
| Amenities | Park, Shopping |
| Building Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Water softener, Washer, Range - Gas, Microwave Built-in |
| Building Cooling Type | Central air conditioning |
| Location Description | Fountain ST North to Kitchener Road to Cyrus. |
| Parking Space Total | 5 |
| Foundation Type | Poured Concrete |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 1000 |
| Bedrooms | 3+2 |
Exterior Features
| Land Amenities | Park, Shopping |
|---|---|
| Sewer | Municipal sewage system |
| Exterior Finish | Brick |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 3pc Bathroom | 9'10'' x 5'10'' | Lower level | ||
| 4pc Bathroom | 7'8'' x 4'8'' | Main level | ||
| Bedroom | 11'0'' x 10'4'' | Main level | ||
| Cold room | 3'8'' x 9'6'' | Lower level | ||
| Dining room | 7'8'' x 8'9'' | Main level | ||
| Kitchen | 11'10'' x 11'0'' | Main level | ||
| Living room | 16'3'' x 11'9'' | Main level | ||
| Primary Bedroom | 11'0'' x 10'8'' | Main level | ||
| Utility room | 8'9'' x 4'9'' | Lower level |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in N3H 1H3
Price
Year Built
In The Neighbourhood
Just Listed
Cambridge
$ 585,000
- Type
- Single Family
- Size
- 1,949 SqFt
- Rooms
- 3 Beds + 1.5 Baths
eXp Realty, Brokerage
Just Listed
Cambridge
$ 699,900
- Type
- Single Family
- Size
- 1,571 SqFt
- Rooms
- 2 Beds + 2 Baths
CENTURY 21 HERITAGE HOUSE LTD.
Cambridge
$ 500,000
- Type
- Single Family
- Size
- 1,731 SqFt
- Rooms
- 3 Beds + 1 Baths
Real Broker Ontario Ltd.
Cambridge
$ 749,900
- Type
- Single Family
- Size
- 2,505 SqFt
- Rooms
- 4 Beds + 2 Baths
R.W. Dyer Realty Inc., Brokerage
Cambridge
$ 560,000
- Type
- Single Family
- Size
- 1,676 SqFt
- Rooms
- 4 Beds + 1.5 Baths
Real Broker Ontario Ltd.
Cambridge
$ 849,900
- Type
- Single Family
- Size
- 2,115 SqFt
- Rooms
- 4 Beds + 2.5 Baths
RE/MAX TWIN CITY REALTY INC.
Cambridge
$ 1,100,000
- Type
- Single Family
- Size
- 1,988 SqFt
- Rooms
- 4 Beds + 1.5 Baths
RE/MAX TWIN CITY REALTY INC.
Cambridge
$ 1,199,900
- Type
- Single Family
- Size
- 3,401 SqFt
- Rooms
- 4 Beds + 3 Baths
Exit Integrity Realty
Cambridge
$ 399,900
- Type
- Single Family
- Size
- 1,156 SqFt
- Rooms
- 3 Beds + 1.5 Baths
eXp Realty, Brokerage
Cambridge
$ 639,900
- Type
- Single Family
- Size
- 2,000 SqFt
- Rooms
- 4 Beds + 3 Baths
Keller Williams Home Group Realty, Brokerage
Cambridge
$ 484,900
- Type
- Single Family
- Size
- 1,130 SqFt
- Rooms
- 3 Beds + 1 Baths
Royal LePage Macro Realty
