248 Cyrus Street, Cambridge ON

About 248 Cyrus Street

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:56071). Get more information on 248 Cyrus Street

Property Features

Appliances:  Dishwasher, Dryer, Microwave, Refrigerator, Stove, Water softener, Washer, Range - Gas, Microwave Built-in
Features:  Paved driveway
Rental Equipment:  
Directions:  Fountain ST North to Kitchener Road to Cyrus.
Zoning Description:  R4
Interior Size (Approximate):  1000 sqft
Community Features:  Quiet Area
Access:  Highway access
Lot (Approximate):  under 1/2 acre
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age (Approximate):  1970
Foundation: Poured Concrete
Constructed Date:  1970
Basement:  Full (Finished) Finished

Rooms & Sizes

(Approximate)

Cold room Lower level 3 8 x 9 6	3pc Bathroom Lower level 9 10 x 5 10	Utility room Lower level 8 9 x 4 9
Kitchen Lower level 15 3 x 8 2	Bedroom Lower level 13 0 x 13 4	Bedroom Lower level 19 7 x 11 4
Dining room Main level 7 8 x 8 9	4pc Bathroom Main level 7 8 x 4 8	Bedroom Main level 8 6 x 10 4
Bedroom Main level 11 0 x 10 4	Primary Bedroom Main level 11 0 x 10 8	Kitchen Main level 11 10 x 11 0
Living room Main level 16 3 x 11 9