Scout N Secure

$749,900

Map

248 Cyrus Street

Cambridge, Ontario N3H1H3

For sale· Added

5 bed2 bath1,000 sqft

About this home

LIVE FOR FREE IN CAMBRIDGE! An exceptional opportunity for homeowners and investors alike. This beautifully renovated legal duplex 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.

Location

Map data © OpenStreetMap contributors

Upcoming open housesSee all Cambridge open houses

No open houses are scheduled for this home.

Can't make it? Request a private viewing.

Property details

Listing

MLS® number
40852669
Added
Jul 31, 2026 ()
Updated
Oct 12, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Duplex
Storeys
1
Ownership
Freehold
Year built
1,970

Inside

Bedrooms
5
Bathrooms
2
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Appliances
Water softener
Features
Paved driveway

Building

Basement
Finished, Full
Exterior
Brick
Foundation
Poured Concrete
Parking
Open · 5 spaces

Land

Frontage
50 ft
Zoning
R4

Services

Water
Municipal water
Sewer
Municipal sewage system

Location

Community
Preston North
Directions
Fountain ST North to Kitchener Road to Cyrus.
Nearby
Quiet Area

Running costs

Annual property tax
$4,174

Price history

Oct 12, 2026$749,900▲ $50,900
Sep 19, 2026$699,000First recorded price

Price changes since Sep 19, 2026.

Ask about this home

$749,900
248 Cyrus Street
Request a viewing

Similar homes in Cambridge