248 Cyrus Street Cambridge, Ontario N3H 1H3
$649,900
OWN YOUR HOME FOR LESS THAN THE COST OF RENT! This beautifully renovated bungalow with a legal accessory apartment offers a rare opportunity to enjoy homeownership in a fantastic Cambridge neighbourhood while significantly offsetting your mortgage. With $2,500 per month already coming in from the upper-level unit, you can enjoy the benefits of a fully updated home at a cost that may be less than many rental payments. Situated on a generous 50-foot-wide lot, this turn-key property has been extensively renovated from top to bottom. Major updates have already been completed, including mechanical systems, leaving nothing to do but move in and enjoy. The upper-level unit is currently occupied by an excellent family paying $2,500 per month, providing immediate income from day one. The vacant lower-level legal apartment offers exceptional flexibility and offers 2 large bedrooms, spacious living room, and large windows allow the rooms to fill with light. Live in one unit while collecting rent from the other, accommodate extended family, or maximize your investment by renting both units. 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 needing extra space. Whether you’re a first-time buyer looking for mortgage assistance, an investor seeking a turn-key income property, or someone looking for flexible living arrangements, this property checks all the boxes. Please note: Photos of the upper-level unit were taken prior to the current tenancy. The unit is presently occupied by wonderful tenants who pay on time and would be happy to stay. Opportunities offering this combination of renovation, income potential, and flexibility are hard to find. Own a great home in a great neighbourhood—while your tenant helps pays most of the mortgage. (id:62616)
Property Details
| MLS® Number | 40842052 |
| Property Type | Single Family |
| Amenities Near By | Park, Shopping |
| Community Features | Quiet Area |
| Features | Paved Driveway |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Water Softener, Washer, Range - Gas, Microwave Built-in |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1970 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2,000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Park, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 101 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Cold Room | 3'8'' x 9'6'' | ||
| Lower Level | 3pc Bathroom | 9'10'' x 5'10'' | ||
| Lower Level | Utility Room | 8'9'' x 4'9'' | ||
| Lower Level | Kitchen | 15'3'' x 8'2'' | ||
| Lower Level | Bedroom | 19'7'' x 11'4'' | ||
| Lower Level | Bedroom | 13'0'' x 13'4'' | ||
| Main Level | Dining Room | 7'8'' x 8'9'' | ||
| Main Level | 4pc Bathroom | 7'8'' x 4'8'' | ||
| Main Level | Bedroom | 8'6'' x 10'4'' | ||
| Main Level | Bedroom | 11'0'' x 10'4'' | ||
| Main Level | Primary Bedroom | 11'0'' x 10'8'' | ||
| Main Level | Kitchen | 11'10'' x 11'0'' | ||
| Main Level | Living Room | 16'3'' x 11'9'' |
https://www.realtor.ca/real-estate/29945338/248-cyrus-street-cambridge
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June 24 2026 04:20:19
REALTORS® Association of Hamilton-Burlington
Keller Williams Home Group Realty, Brokerage