248 Cyrus Street, Cambridge, ON N3H 1H3

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.

Home details

Days on market

Not reported

Property type

Duplex

MLS® number

X13626800

Source status

Price Change

Bedrooms

5

Bathrooms

2

Postal code

N3H 1H3

Kitchens

2

Kitchens above grade

1

Kitchens below grade

1

Family room / den

No

Interior size (reported range)

700-1100

Lot depth

101.16 ft

Garage parking spaces

Not reported

Total parking spaces

5

Occupancy

Tenant

Possession type

Flexible

Garage

None

Annual property tax

4173.61

Basement

Apartment, Finished with Walk-Out, Separate Entrance

Interior features

Accessory Apartment

Architectural style

Bungalow-Raised

Pool features

None

Fireplace

No

Waterfront

No

Garage available

No

Heating system

Forced Air

Heating fuel

Gas

Cooling

Central Air

Sewer

Sewer

Direction facing

East

Construction materials

Brick

Roof

Asphalt Shingle

Foundation

Poured Concrete

MLS entry age (not confirmed DOM)

98 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Sewer

Sewer

Heating system

Forced Air

Heating fuel

Gas

Cooling

Central Air

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Bedrooms above grade

3

Bedrooms below grade

2

Rooms above grade

5

Den / family room reported

No

Reported counts are shown independently. Room dimensions have not been inferred from these counts.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$749,900

1. Jul 31, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

WATERLOO

Municipality

CAMBRIDGE