248 CYRUS STREET, Cambridge, ON N3H1H3
248 CYRUS STREET, Cambridge, ON N3H1H3
248 CYRUS STREET, Cambridge, ON N3H1H3
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$699,000
Est. payment /mo
5 Beds
2 Baths
700 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700 - 1100

Square Footage 700 sqft

Price per Sqft $998

MLS® Listing ID X13626800

Style Raised bungalow

Bedrooms 5

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Lower level 3.96 m X 4.06 m Bedroom

Extra Room 2 Lower level 1.12 m X 2.9 m Cold room

Extra Room 3 Lower level 5.97 m X 3.45 m Bedroom

Extra Room 4 Lower level 4.65 m X 2.49 m Kitchen

Extra Room 5 Lower level 3 m X 1.78 m Bathroom

Extra Room 6 Lower level 2.67 m X 1.45 m Utility room

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Raised bungalow

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Listed by Keller Williams Home Group Realty

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Paul Shantz
Paul Shantz

Agent License ID: 6008661

+1(519) 829-8656

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248 CYRUS STREET

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