
248 Cyrus Street
Cambridge, N3H1H3
Get alerts for homes like thisAbout 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
| Level | Room | Size |
|---|---|---|
| Lower level | Cold room | 9'6'' x 3'8'' |
| Lower level | 3pc Bathroom | 5'10'' x 9'10'' |
| Lower level | Utility room | 4'9'' x 8'9'' |
| Lower level | Kitchen | 8'2'' x 15'3'' |
| Lower level | Bedroom | 13'4'' x 13'0'' |
| Lower level | Bedroom | 11'4'' x 19'7'' |
| Main level | Dining room | 8'9'' x 7'8'' |
| Main level | 4pc Bathroom | 4'8'' x 7'8'' |
| Main level | Bedroom | 10'4'' x 8'6'' |
| Main level | Bedroom | 10'4'' x 11'0'' |
| Main level | Primary Bedroom | 10'8'' x 11'0'' |
| Main level | Kitchen | 11'0'' x 11'10'' |
| Main level | Living room | 11'9'' x 16'3'' |
Location
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