Single Family Residence for sale at 248 Cyrus Street, Cambridge, ON, N3H 1H3 - Preston North - MLS: 40852664

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248 Cyrus Street

Cambridge, ON, N3H 1H3 - Preston North

$699,000

Neighbourhood

Preston North
Major Intersection

Listed Since: 7 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

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.

Listed by Keller Williams Home Group Realty, Brokerage

Property details

MLS #

40852664
Sq. Ft

1000
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 #

40852664
Sq. Ft

1000
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

Bedroom

3.35 x 3.15 ft Main level
Bedroom

5.97 x 3.45 ft Lower level
Bedroom

2.59 x 3.15 ft Main level
Kitchen

4.65 x 2.49 ft Lower level
Dining Room

2.34 x 2.67 ft Main level
Bathroom

3.00 x 1.78 ft Lower level

3-Piece
Bedroom Primary

3.35 x 3.25 ft Main level
Living Room

4.95 x 3.58 ft Main level
Bathroom

2.34 x 1.42 ft Main level

4-Piece
Bedroom

3.96 x 4.06 ft Lower level
Cold Room

1.12 x 2.90 ft Lower level
Utility Room

2.67 x 1.45 ft Lower level
Kitchen

3.61 x 3.35 ft Main 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 6 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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