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248 CYRUS Street

Preston North, Cambridge, N3H1H3

Listed by Keller Williams Home Group Realty, Brokerage

$749,900

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  • 5 bedrooms
  • 2 bathrooms
  • 5 parking
  • 1000 sq ft

Listed 82 days ago · MLS® 40852669

About this home

LIVE FOR FREE IN CAMBRIDGE! An exceptional opportunity for homeowners and investors alike. This beautifully renovated legal duplex 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:66966)

Details

Type
Duplex
Size
1000 sq ft
Basement
Finished, Full
Property tax
$4,174
Neighbourhood
Preston North
Municipality
Cambridge

Interior

Fireplace
No
Appliances
Water softener

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Central air conditioning
Water and sewer
Municipal sewage system

Building and exterior

Year built
1970
Foundation
Poured Concrete
Outdoor
Brick

Parking

Total parking
5
Driveway and parking
Open

Location

Location is approximate. See nearby homes on the map

Listed by Keller Williams Home Group Realty, Brokerage.

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