248 Cyrus Street

ActiveCambridge6 days on marketMLS® X13626800
$699,000
$999 / sq ft
Bedrooms5
Bathrooms2
Interior700 sq ft
TypeMulti-Family
ListingFor Sale
Days on Market6

About this property

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.

Features & finishes

View
Air Conditioning
Basement

Property details

MLS® NumberX13626800
StatusActive
Listing TypeFor Sale
Property TypeMulti-Family
Interior Size700 sq ft
Beds / Baths5 bed · 2 bath
CityCambridge
Postal CodeN3H 1H3
ProvinceON
Listed DateJuly 31, 2026
Days on Market6
Price per Sq Ft$999
BrokerageKeller Williams Home Group Realty

Location

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Listed by Keller Williams Home Group Realty