CAONCambridgePreston Heights248 Cyrus St

248 Cyrus St, Cambridge, ON

Name: 248 Cyrus St, For Sale in Cambridge - eXp Realty
Brand: Keller Williams Home Group Realty, Brokerage
SKU: 40852669
Price: 699000 CAD

House

For Sale

Listed price in listed location currency (CAD).

$699,000

525

MLS® 40852669

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size 1000 sqft

Garage

Taxes $4,174

Days Active 11

Lot Size 5102.09 SF

Approx. Age 1970

Avg. Price Per Sqft $699

MLS® Number 40852669

Property Address: 248 Cyrus St, Cambridge, ON, N3H1H3

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number40852669

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1970

BasementSeparate Entrance, Full, Finished

DrivewayAsphalt

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral Air

Extras

Other, Water Softener: Included. Water Heater: Included. Upper Unit Appliances: All Included - Fridge, Stove, Washer, Dryer (All New 2023) Lower Unit Appliances: All Included - Fridge, Stove, Washer, Dryer (All New 2023)

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 31, 2026List Date

$699,000List Price

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

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$XXX,XXXList Price

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$XXX,XXXSold Price

Top Secret

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Home Appraisal

This property is estimated to sell between: $699,000 and $710,000.

Similar properties in this area sold on average for: $705,842

Expected to sell in 16 days. Similar properties sold in 27 days. This home has been on eXp Realty for 11 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. eXp Realty holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.