Single Family Residence for sale at 248 Cyrus Street, Cambridge, ON, N3H 1H3 - Preston North - MLS: 40842052

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248 Cyrus Street

Cambridge, ON, N3H 1H3 - Preston North

$649,900

Neighbourhood

Preston North
Major Intersection

Listed Since: 11 day(s)
Last update: today

Overview

Property Type

Single Family Residence, Residential
Bedrooms

3 + 2
Bathrooms

2
Basement

Separate Entrance, Full, Finished
Kitchen

n/a
Total Parking

5
Lot Size

50.00x101 (Square Feet)
Taxes

$4,173.61 (2026)
Type

Freehold

Property Description

Property description for 248 Cyrus Street, Cambridge

OWN YOUR HOME FOR LESS THAN THE COST OF RENT! This beautifully renovated bungalow with a legal accessory apartment offers a rare opportunity to enjoy homeownership in a fantastic Cambridge neighbourhood while significantly offsetting your mortgage. With $2,500 per month already coming in from the upper-level unit, you can enjoy the benefits of a fully updated home at a cost that may be less than many rental payments. Situated on a generous 50-foot-wide lot, this turn-key property has been extensively renovated from top to bottom. Major updates have already been completed, including mechanical systems, leaving nothing to do but move in and enjoy. The upper-level unit is currently occupied by an excellent family paying $2,500 per month, providing immediate income from day one. The vacant lower-level legal apartment offers exceptional flexibility and offers 2 large bedrooms, spacious living room, and large windows allow the rooms to fill with light. Live in one unit while collecting rent from the other, accommodate extended family, or maximize your investment by renting both units. 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 needing extra space. Whether you’re a first-time buyer looking for mortgage assistance, an investor seeking a turn-key income property, or someone looking for flexible living arrangements, this property checks all the boxes. Please note: Photos of the upper-level unit were taken prior to the current tenancy. The unit is presently occupied by wonderful tenants who pay on time and would be happy to stay. Opportunities offering this combination of renovation, income potential, and flexibility are hard to find. Own a great home in a great neighbourhood—while your tenant helps pays most of the mortgage.

Listed by Keller Williams Home Group Realty, Brokerage

Property details

MLS #

40842052
Sq. Ft

2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1970
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

5
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal-Metered
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40842052
Sq. Ft

2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1970
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

5
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal-Metered
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Cold Room

1.12 x 2.90 ft Lower level
Dining Room

2.34 x 2.67 ft Main level
Office

3.78 x 2.41 ft Lower level
Kitchen

3.61 x 3.35 ft Main level
Bedroom

2.59 x 3.15 ft Main level
Bathroom

2.34 x 1.42 ft Main level

4-Piece
Kitchen

4.65 x 2.49 ft Lower level
Bedroom

3.96 x 4.06 ft Lower level
Bathroom

3.00 x 1.78 ft Lower level

3-Piece
Living Room

4.95 x 3.58 ft Main level
Bedroom Primary

3.35 x 3.25 ft Main level
Bedroom

3.35 x 3.15 ft Main level
Living Room

3.89 x 5.13 ft Lower level
Utility Room

2.67 x 1.45 ft Lower level
Bedroom

5.97 x 3.45 ft Lower level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 248 Cyrus Street, Cambridge

This property has been sold 4 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

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