Salehian.com 647-325-5000

248 Cyrus Street

Cambridge, N3H 1H3

$749,900

Photo 1 of 23Photo 2 of 23Photo 3 of 23Photo 4 of 23Photo 5 of 23Photo 6 of 23Photo 7 of 23Photo 8 of 23Photo 9 of 23Photo 10 of 23Photo 11 of 23Photo 12 of 23Photo 13 of 23Photo 14 of 23Photo 15 of 23Photo 16 of 23Photo 17 of 23Photo 18 of 23Photo 19 of 23Photo 20 of 23Photo 21 of 23Photo 22 of 23Photo 23 of 23
  • 3+2 bedrooms
  • 2 bathrooms
  • 5 parking
  • 700-1100 sq ft

Listed 81 days ago · MLS® X13626800

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.

Details

Type
Duplex
Style
Bungalow-Raised
Size
700-1100 sq ft
Lot
50 × 101.16 ft
Basement
Apartment, Finished with Walk-Out, Separate Entrance
Garage
None
Kitchens
2
Property tax
$4,174 (2026)
Municipality
Cambridge

Interior

Bedrooms
3 above ground + 2 below
Bathrooms
1 × 4-piece (upper), 1 × 3-piece (lower)
Kitchens
2 (1 below ground)
Rooms
5 above ground
Family room or den
No
Fireplace
No
Features
Accessory Apartment

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
Bungalow-Raised
Exterior
Brick
Roof
Asphalt Shingle
Foundation
Poured Concrete
Faces
East

Parking

Total parking
5

Lot

Size
50 × 101.16 ft (rectangular)

More

Possession
Flexible
Cross street
Hillcrest

Rooms

RoomLevelSizeFeatures
Primary BedroomUpper3.35 × 3.25 m (11' × 10'8")
Living RoomUpper4.95 × 3.58 m (16'3" × 11'9")
BedroomLower3.96 × 4.06 m (13' × 13'4")
Cold Room/CantinaLower1.12 × 2.9 m (3'8" × 9'6")
BedroomLower5.97 × 3.45 m (19'7" × 11'4")
BedroomUpper2.59 × 3.15 m (8'6" × 10'4")
BathroomUpper2.34 × 1.42 m (7'8" × 4'8")4 Pc Bath
BedroomUpper3.35 × 3.15 m (11' × 10'4")
KitchenLower4.65 × 2.49 m (15'3" × 8'2")
BathroomLower3 × 1.78 m (9'10" × 5'10")3 Pc Bath
Utility RoomLower2.67 × 1.45 m (8'9" × 4'9")
Dining RoomUpper2.34 × 2.67 m (7'8" × 8'9")
KitchenUpper3.61 × 3.35 m (11'10" × 11')

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Car-dependent

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 3 cafés and restaurants, 1 park. Nearest park: John Erb Park (700 m).

Schools nearby

Elementary

  • Parkway Public School
    EQAO: Gr 6 reading 96%, math 59%    10 min walk
  • Preston Public School
    EQAO: Gr 6 reading 82%, math 41%    1.3 km
  • St. Joseph Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 70%    1.3 km
  • Grand View Public School
    EQAO: Gr 6 reading 87%, math 39%    1.8 km

Secondary

  • Preston High School
    EQAO: Gr 9 math 67%, literacy test 77%    18 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N3H

Owners / renters
62% / 38%
Median household income
$82,000
Average age
42
Children under 15
15%
Homes
51% detached, 8% high-rise
Commute by transit
5%
Population
24,306

Languages spoken most at home besides English: Punjabi (Panjabi) 2.3%, Urdu 1%, Gujarati 0.7%, Portuguese 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 11 km. Transit times · Driving times

Noise 1 source nearby

  • 🛣️ Highway 8350 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Keller Williams Home Group Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Similar homes nearby

See more in Cambridge