$649,900
Available - For Sale
Listing ID: X13483020
248 Cyrus Street , Cambridge, N3H 1H3, Waterloo
| 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. |
| Price | $649,900 |
| Taxes: | $4173.61 |
| Assessment Year: | 2026 |
| Occupancy: | Tenant |
| Address: | 248 Cyrus Street , Cambridge, N3H 1H3, Waterloo |
| Directions/Cross Streets: | Hillcrest |
| Rooms: | 5 |
| Bedrooms: | 3 |
| Bedrooms +: | 2 |
| Family Room: | F |
| Basement: | Apartment, Finished wit |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Upper | Primary B | 10.99 | 10.66 | |
| Room 2 | Upper | Bedroom | 10.99 | 10.33 | |
| Room 3 | Upper | Bedroom | 8.5 | 10.33 | |
| Room 4 | Upper | Kitchen | 11.84 | 10.99 | |
| Room 5 | Upper | Bathroom | 7.68 | 4.66 | 4 Pc Bath |
| Room 6 | Upper | Dining Ro | 7.68 | 8.76 | |
| Room 7 | Upper | Living Ro | 16.24 | 11.74 | |
| Room 8 | Lower | Bedroom | 19.58 | 11.32 | |
| Room 9 | Lower | Kitchen | 15.25 | 8.17 | |
| Room 10 | Lower | Bedroom | 12.99 | 13.32 | |
| Room 11 | Lower | Bedroom | 12.99 | 13.35 | |
| Room 12 | Lower | Utility R | 8.76 | 4.76 | |
| Room 13 | Lower | Living Ro | 12.76 | 16.83 | |
| Room 14 | Lower | Office | 12.4 | 7.9 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Upper |
| Washroom Type 2 | 3 | Lower |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| Style: | Bungalow-Raised |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 5 |
| Pool: | None |
| Approximatly Square Footage: | 700-1100 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Keller Williams Home Group Realty |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Waterloo |
| Municipality: | Cambridge |
| Neighbourhood: | Dufferin Grove |
| Style: | Bungalow-Raised |
| Tax: | $4,173.61 |
| Beds: | 3+2 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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