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$699,000
Available - For Sale
Listing ID: X13626800
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 $699,000
Taxes: $4,173.61
Occupancy by: Tenant
Address: 248 Cyrus Street , Cambridge, N3H 1H3, Waterloo
Directions/Cross Streets: Hillcrest
Rooms: 5
Bedrooms: 3
Bedrooms +: 2
Washrooms: 2
Family Room: F
Basement: Apartment
Finished wit
No. of Pieces Level
Washroom 1:  4 Upper
Washroom 2:  3 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Upper
Washroom 7:  3 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
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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Keller Williams Home Group Realty

248 Cyrus Street , Cambridge, N3H 1H3, Waterloo

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Freehold - Duplex
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style: Bungalow-Raised
Lot Size: x 101.16(Feet)
Approximate Age:
Tax: $4,173.61
Maintenance Fee: $0
Beds: 3+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949