Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Architectural Style: Raised bungalow
Basement Development: Finished
Basement Type: N/A, N/A, N/A
Exterior Finish: Brick
Floor Space: 700 - 1100 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water meter, Dryer, Stove, Washer, Water softener, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 3+2
Bathrooms: 2
Floor Space (approx): 700 - 1100 Square Feet
Irregular: Yes
Lot Depth: 101.2 Feet
Lot Frontage: 50 Feet
Lot Size: 50 x 101.2 FT
Zoning: R4
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Rooms:

Bathroom Lower Level 3.00 m x 1.78 m
Utility Lower Level 2.67 m x 1.45 m
Cellar/Cold Room Lower Level 1.12 m x 2.90 m
Bedroom Lower Level 5.97 m x 3.45 m
Kitchen Lower Level 4.65 m x 2.49 m
Bedroom Lower Level 3.96 m x 4.06 m
Primary Bedroom Upper Level 3.35 m x 3.25 m
Bedroom Upper Level 3.35 m x 3.15 m
Bedroom Upper Level 2.59 m x 3.15 m
Kitchen Upper Level 3.61 m x 3.35 m
Bathroom Upper Level 2.34 m x 1.42 m
Dining Upper Level 2.34 m x 2.67 m
Living Upper Level 4.95 m x 3.58 m

Convert Measurement to:

Courtesy of: Keller Williams Home Group Realty

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Demographic Information of 248 CYRUS STREET, Cambridge, Ontario, N3H 1H3

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$115,810.75

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.15 %

High school certificate or equivalent

34.44 %

Apprenticeship trade certificate/diploma

7.37 %

College/non-university certificate

26.97 %

University certificate (below bachelor)

2.5 %

University Degree

12.57 %

Commuter

Travel To Work

By Car

91.36 %

By Public Transit

4.74 %

By Walking

1.26 %

By Bicycle

0.0 %

By Other Methods

2.64 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

16.3 %

Houses

83.7 %

248 CYRUS STREET, Cambridge, Ontario, N3H 1H3