$749,900 Sale

Listed 73 days ago

248 CYRUS Street

MLS® 40852669 Duplex

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Beds · 5

Baths · 2.0

Parking · 5

Sqft · 1000

Est. mortgage

$2,845/mo

Key Facts

Key facts for 248 CYRUS Street

Property Type

Apartment

Parking

Garage: No, 5 parking

MLS #

40852669

Size

1000 sqft

Basement

Finished, Full (Finished)

Listed on

Lot size

Tax

Days on Market

Year Built

1970

Maintenance Fee

Description

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:10452)

Full Property Details

Interior

Bedrooms

Washrooms

2.0

Square Footage

1000 sqft

Basement

Finished, Full (Finished)

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

2.0

Square Footage

1000 sqft

Basement

Finished, Full (Finished)

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Full Bathrooms

Half Bathrooms

Exterior

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Park, Shopping

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Park, Shopping

Building Description

Home Type

Apartment

Subtype

Duplex

Year Built

1970

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Duplex

Year Built

1970

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Lower Doon

Area Code

Cambridge

Features

Quiet Area

Community

Lower Doon

Area Code

Cambridge

Features

Quiet Area

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Lesley Short

Email: [email protected] Cell: 519-841-5418