248 Cyrus Street,Cambridge, ON N3H1H3
Cambridge, ON N3H1H3
Description
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. (id:13843)
Details
| MLS # | 40852664 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1970 |
| Days On Site | 81 |
| Listing Provided By | Keller Williams Home Group Realty, Brokerage | LESLEY SHORT |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,000 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R4 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Water softener, Range - Gas, Dishwasher, Stove, Dryer, Microwave, Microwave Built-in |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Paved driveway |
|---|---|
| Foundation Details | Poured Concrete |
Parking
| Parking Features | Open |
|---|---|
| Parking Total | 5 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4173.61 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Cambridge |
| Postal Code | N3H1H3 |
| Community Name | 52 Preston North |
| Listing VS Median (in 52 Preston North) | |
Price: $749,900 low | high Med: $580,000 sqft: 1,000 low | high Med: 1,147 $ / sqft: $750 low | high Med: $506 On site: 81 low | high Med: 13 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cambridge |
| Postal Code | N3H1H3 |
| Community Name | 52 Preston North |
| Listing VS Median (in 52 Preston North) | |
Price: $749,900 low | high Med: $580,000 sqft: 1,000 low | high Med: 1,147 $ / sqft: $750 low | high Med: $506 On site: 81 low | high Med: 13 | |
