puvanes1@gmail.com (416) 832-0755 Login

Property Details

Back to Search
248 Cyrus Street, Cambridge, ON N3H 1H3
Photo 1 Photo 2 Photo 3 Photo 4 Photo 5
248 Cyrus Street, Cambridge, ON N3H 1H3
Cambridge , N3H 1H3
$649,900.00
5 Bedrooms 2 Bathrooms Residential Freehold
Property Details
MLS Number X13483020
Property Type Residential Freehold
City Cambridge
Postal Code N3H 1H3
Cross Street Hillcrest
Street Number 248
Street Name Cyrus
Lot Width 50 ft
Lot Depth 101.16 ft
Bedrooms 5
Bathrooms 2
Annual Tax $4,173.61
Sewer Sewer
Occupant Type Tenant
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.
Selvan Puvaneswaranathan
Selvan Puvaneswaranathan
Broker — REMAX Crossroads
312-305 Milner Ave, Toronto ON

Enquire About This Property

See What Your Home Is Worth

Type your address and the type of home you live in below: