Scout N Secure

$749,900

Map

248 Cyrus Street

Cambridge, Ontario N3H1H3

For sale· Added

3+2 bed2 bath700–1,100 sqft

About this home

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.

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
X13626800
Added
Jul 31, 2026 ()
Updated
Oct 13, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Duplex
Style
Raised bungalow
Storeys
1

Inside

Bedrooms
3+2
Bathrooms
2
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Appliances
Washer, Refrigerator, Water meter, Water softener, Stove, Dryer, Water Heater

Building

Basement
Finished, Apartment in basement, Separate entrance, Walk out
Exterior
Brick
Foundation
Poured Concrete
Parking
No Garage · 5 spaces

Land

Lot size
50 x 101.2 ft
Zoning
R4

Services

Water
Municipal water
Sewer
Sanitary sewer

Location

Cross streets
Hillcrest
Directions
Fountain ST North to Kitchener Road to Cyrus.

Running costs

Annual property tax
$4,174

Price history

Oct 13, 2026$749,900▲ $50,900
Sep 19, 2026$699,000First recorded price

Price changes since Sep 19, 2026.

Rooms

Primary BedroomUpper Level3.35 x 3.25 m
Living roomUpper Level4.95 x 3.58 m
BedroomLower level3.96 x 4.06 m
Cold roomLower level1.12 x 2.9 m
BedroomLower level5.97 x 3.45 m
BedroomUpper Level2.59 x 3.15 m
BathroomUpper Level2.34 x 1.42 m
BedroomUpper Level3.35 x 3.15 m
KitchenLower level4.65 x 2.49 m
BathroomLower level3 x 1.78 m
Utility roomLower level2.67 x 1.45 m
Dining roomUpper Level2.34 x 2.67 m
KitchenUpper Level3.61 x 3.35 m

Ask about this home

$749,900
248 Cyrus Street
Request a viewing

Similar homes in Cambridge