248 Cyrus Street, Cambridge
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. (id:1945)
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Property details for 248 Cyrus Street, Cambridge
- Type
- Residential
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1,000 square feet
- Stories
- 1
- Basement
- Finished, Full
- Parking
- Open
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick
- Ownership
- Freehold
- Annual Taxes
- $4,174
Nearby Listings Stat
Estimated price and comparable properties near 248 Cyrus Street
Active Listings
6
Min Price
$524,900
Max Price
$699,000
Avg Price
$639,450
Days on Market
113
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Cambridge, Ontario
Population
613
Median Age
40.6
Median Income
$40,499
Dwelling Value
$300,585
Housing Tenure
Owners 69%
Renters 29%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 1,654.1/km²
Avg Shelter Cost: $1,252/mo
Owners with Mortgage: 71.4%
Owners Spending 30%+: 17.6%
Tenants Spending 30%+: 31.2%
English only: 94.3%
English and French: 5.7%
Median Household Income: $85,760
Median Employment Income: $38,720
Price History
Listed
July 31, 2026
by Keller Williams Home Group Realty, Brokerage
Current Price
$699,000
Type
Residential
For Sale
