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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 649,900

Est. payment | -/mo

5 Beds

2 Baths

2,000 SqFt

Save

$ 649,900

Est. payment | -/mo

Save

5 Beds

2 Baths

2,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000

Square Footage 2,000 sqft

Price per Sqft $324

Subdivision 52 - Preston North

MLS® Listing ID 40842052

Bedrooms 5

Year Built 1970

Property Sub-Type Freehold

Property Description

OWN YOUR HOME FOR LESS THAN THE COST OF RENT! This beautifully renovated bungalow with a legal accessory apartment offers a rare opportunity to enjoy homeownership in a fantastic Cambridge neighbourhood while significantly offsetting your mortgage. With $2,500 per month already coming in from the upper-level unit, you can enjoy the benefits of a fully updated home at a cost that may be less than many rental payments. Situated on a generous 50-foot-wide lot, this turn-key property has been extensively renovated from top to bottom. Major updates have already been completed, including mechanical systems, leaving nothing to do but move in and enjoy. The upper-level unit is currently occupied by an excellent family paying $2,500 per month, providing immediate income from day one. The vacant lower-level legal apartment offers exceptional flexibility and offers 2 large bedrooms, spacious living room, and large windows allow the rooms to fill with light. Live in one unit while collecting rent from the other, accommodate extended family, or maximize your investment by renting both units. 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 needing extra space. Whether you're a first-time buyer looking for mortgage assistance, an investor seeking a turn-key income property, or someone looking for flexible living arrangements, this property checks all the boxes. Please note: Photos of the upper-level unit were taken prior to the current tenancy. The unit is presently occupied by wonderful tenants who pay on time and would be happy to stay. Opportunities offering this combination of renovation, income potential, and flexibility are hard to find. Own a great home in a great neighbourhood—while your tenant helps pays most of the mortgage. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Lower level 3'8'' x 9'6'' Cold room

Extra Room 2 Lower level 9'10'' x 5'10'' 3pc Bathroom

Extra Room 3 Lower level 8'9'' x 4'9'' Utility room

Extra Room 4 Lower level 15'3'' x 8'2'' Kitchen

Extra Room 5 Lower level 19'7'' x 11'4'' Bedroom

Extra Room 6 Lower level 13'0'' x 13'4'' Bedroom

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features No

Community Features Quiet Area

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by Keller Williams Home Group Realty, Brokerage

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

CAN

Learn More About LPT Realty

248 CYRUS Street Cambridge, ON N3H1H3