248 CYRUS Street, Cambridge, Ontario, N3H 1H3

MLS® # 40852669

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Investment For Sale In Preston Heights, Cambridge, Ontario

$699,000

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248 Cyrus Street, Cambridge, ON - Outdoor

Brick-front residence with a concrete driveway, mature landscaping, a covered front porch, and a well-maintained front lawn - 248 Cyrus Street, Cambridge, ON - Outdoor

248 Cyrus Street, Cambridge, ON - Outdoor With Exterior

248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Other Room

248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Living Room

248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen

248 Cyrus Street, Cambridge, ON - Indoor

248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Kitchen

248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Dining Room

248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Bathroom

248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Bedroom

Open concept living space featuring wood-finish flooring, recessed lighting, and a white trim package - 248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Other Room

Spacious room featuring wood-finish flooring, white walls, and a large bi-fold closet - 248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Bedroom

Bathroom featuring a walk-in shower with large format marble-look tile walls and a hexagonal tile floor - 248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Bathroom

Bedroom featuring wood-finish flooring, two sets of bi-fold closet doors, a neutral wall color, and flush-mount ceiling lighting - 248 Cyrus Street, Cambridge, ON - Indoor Photo Showing Bedroom

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248 CYRUS Street, Cambridge, Ontario, N3H 1H3

$699,000

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
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 1000 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water softener

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Highway access
Amenities Nearby: Park, Shopping
Built in: 1970
Community Features: Quiet Area
Features: Paved driveway
Floor Space (approx): 1000 Square Feet
Lot Depth: 101 Feet
Lot Frontage: 50 Feet
Zoning: R4
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 5

Courtesy of: Keller Williams Home Group Realty, Brokerage

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