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$749,900

248 Cyrus Street

Cambridge, N3H1H3

5 bd2 ba1,000 sq ftDetachedListed 3 months agoExplore Preston Heights →

Listed by Keller Williams Home Group Realty, Brokerage · MLS® 40852664

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About this home

LIVE FOR FREE IN CAMBRIDGE! An exceptional opportunity for homeowners and investors alike. This beautifully renovated legal duplex, which 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.

Details

Style
Bungalow
Storeys
1
Year built
1970
Living area
1,000 square feet
Taxes
$4,174
Parking
5 spaces · Open
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Finished, Full
Exterior
Brick
Appliances
Washer, Refrigerator, Water softener, Range - Gas, Dishwasher, Stove, Dryer, Microwave, Microwave Built-in
Water
Municipal water
Sewer
Municipal sewage system
Ownership
Freehold

Features: Quiet Area, Paved driveway

Rooms

LevelRoomSize
Lower levelCold room9'6'' x 3'8''
Lower level3pc Bathroom5'10'' x 9'10''
Lower levelUtility room4'9'' x 8'9''
Lower levelKitchen8'2'' x 15'3''
Lower levelBedroom13'4'' x 13'0''
Lower levelBedroom11'4'' x 19'7''
Main levelDining room8'9'' x 7'8''
Main level4pc Bathroom4'8'' x 7'8''
Main levelBedroom10'4'' x 8'6''
Main levelBedroom10'4'' x 11'0''
Main levelPrimary Bedroom10'8'' x 11'0''
Main levelKitchen11'0'' x 11'10''
Main levelLiving room11'9'' x 16'3''

Location

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