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Tony & Ledi Real Estate Team

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

Est. payment | -/mo

3 Beds

2 Baths

Save

Est. payment | -/mo

Save

3 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

MLS Listing ID X13626800

Style Bungalow-Raised

Bedrooms 3

Annual Tax Amount $4,173

Tax Year 2026

Property Sub-Type Duplex

Property Description

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.

Location

Province ON

County Waterloo

Area Waterloo

Zoning R4

Rooms

Family Room No

Basement Apartment, Finished with Walk-Out, Separate Entrance

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Accessory Apartment

Cooling Central Air

Inclusions Water Softener: Included. Water Heater: Included. Upper Unit Appliances: All included - fridge, stove, washer, dryer (All new 2023) Lower Unit Appliances: All included - fridge, stove, washer, dryer (All new 2023)

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.0

Lot Depth 101.16

Total Parking Spaces 5

Building

Foundation Poured Concrete

Others

Senior Community No

ParcelsYN No

Listed by Keller Williams Home Group Realty

Schools and Properties Nearby

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+1(647) 493-3579

info@tonyledi.com

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248 Cyrus ST Cambridge, ON N3H 1H3