248 Cyrus Street, Cambridge, ON N3H 1H3
Cambridge · Near Hillcrest · View map
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.
The home
- Type
- Raised bungalow
- Style
- Bungalow-Raised
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 5
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance
- Lot size
- 50 x 101.2 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 5
- Total parking
- 5
Taxes & other
- Property taxes
- $4,174/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Hillcrest
More
- Price per sq ft
- ~$833 (at 900 sq ft)
- Listed
- Jul 31, 2026 · 73 days ago
- MLS® number
- X13626800
No matching details. Ask Will instead
The home and its surroundings
- Accessory Apartment
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 248 Cyrus Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 248 Cyrus Street
Answers come straight from this home’s MLS® listing.
How much is 248 Cyrus Street listed for, and what would it cost each month?
248 Cyrus Street is listed for $749,900. With 20% down ($149,980), the mortgage payment would be roughly $3,025 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,373 a month, all in. That figure is an illustration, not a quote.
Is 248 Cyrus Street freehold or a condo, and is there a monthly fee?
248 Cyrus Street is a raised bungalow in Cambridge. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 248 Cyrus Street have?
248 Cyrus Street has 3 bedrooms, plus 2 more bedrooms in the basement, and 2 bathrooms. The listing gives the style as bungalow-raised.
Does 248 Cyrus Street have a garage and parking?
The listing does not show a garage. The driveway adds 5 spaces. In total the listing counts 5 parking spaces.
Does 248 Cyrus Street have a finished basement?
The listing describes the basement as apartment, finished with walk-out, separate entrance. It counts 2 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 248 Cyrus Street?
248 Cyrus Street is a raised bungalow. A raised bungalow has its main floor set about half a level above the ground, so the basement has bigger windows and more light than in a regular bungalow.
How big is 248 Cyrus Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 101.2 ft.
How is 248 Cyrus Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 248 Cyrus Street?
Property taxes are $4,174 a year (2026), or about $348 a month.
Where is 248 Cyrus Street?
248 Cyrus Street is in Cambridge. The nearest main intersection is Hillcrest. The postal code is N3H 1H3.
How long has 248 Cyrus Street been on the market?
248 Cyrus Street was listed on July 31, 2026. It has been on the market for 73 days. It is an active listing (MLS® X13626800). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 248 Cyrus Street asking?
Similar bungalow-style homes for sale nearby right now include 266 Gunn Avenue at $748,900 (3+1 bed), 258 Saginaw Parkway at $799,900 (3+2 bed) and 187 Winston Boulevard at $839,000 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 248 Cyrus Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 248 Cyrus Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Cambridge, picked by style, size and price.
Raised bungalow$748,900266 Gunn Avenue, Cambridge3+1 bed · 2 bathCourtesy of: RIGHT AT HOME REALTYView home →
Raised bungalow$799,900258 Saginaw Parkway, Cambridge3+2 bed · 2 bathCourtesy of: RE/MAX METROPOLIS REALTYView home →
Raised bungalow$839,000187 Winston Boulevard, Cambridge3+2 bed · 2 bathCourtesy of: CENTURY 21 PROPERTY ZONE REALTY INC.View home →Courtesy of: Keller Williams Home Group Realty
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.