For Sale: 248 Cyrus Street, Cambridge, ON - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$699,000
5 bd • 2 ba • 700 - 1099 sf • Multifamily
248 Cyrus Street
Street ViewDirections
$699,000
Get pre-approved

248 Cyrus StreetCambridge, ON, N3H 1H3

  • 5 Bed
  • 2 Bath
  • 700 - 1099 Sqft
  • Multifamily

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. (id:63626)
Listed by: LESLEY SHORT, Salesperson, Keller Williams Home Group Realty, Brokerage

Home facts and features

Price details
List Price
$699,000
Get Pre-Approved
Gross Taxes for 2026
$4,174
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Depth
101.2 feet
Frontage
50.0 feet
Style
Raised bungalow
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Apartment in basement, Separate entrance, Walk out, , ,
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater, Water meter, Water softener
Agent details
Primary Agent
LESLEY SHORT
Primary Broker
Keller Williams Home Group Realty, Brokerage
Listing details
Days on REW
38 Days
MLS® Number
X13626800
Source
Canadian Real Estate Association
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

REW Money

REW Money

REW Money

Connect with a mortgage expert

Connect to a mortgage specialist

REW Money
REW Money

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase. Please note that our agent partners are not affiliated with REW Realty.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Parkway Public School
  • Public
  • JK - 6
Preston High School
  • Public
  • 9 - 12
Preston Public School
  • Public
  • JK - 6
St Joseph Catholic Elementary School
  • Catholic
  • JK - 8
Grand View Public School
  • Public
  • JK - 6
Coronation Public School
  • Public
  • JK - 6
St Michael Catholic Elementary School
  • Catholic
  • JK - 8
William G Davis Public School
  • Public
  • 7 - 8
ÉÉC Saint-Noël-Chabanel-Cambridge
  • Catholic
  • JK - 6
Père-René-de-Galinée
  • Catholic
  • 7 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase. Please note that our agent partners are not affiliated with REW Realty.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near Cambridge

Neighborhoods near Cambridge

Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-09-05.
Call Agent
Salesperson
LESLEY SHORT
Phone:
(519) 841-5418
Cell:
519-841-5418
Office:
226-780-0202
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase. Please note that our agent partners are not affiliated with REW Realty.
We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss