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:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Total Living Area:
2,000 sq. ft.186 m2
Finished Area Above Grade:
1,000 sq. ft.92.9 m2
Zoning:
R4
Taxes:
$4,173.61 /
-
Community:
52 - Preston North
Exterior Features:
Brick
Community Features:
Quiet Area
Structure Type:
House
Appliances Included:
Washer, Refrigerator, Water softener, Range - Gas, Dishwasher, Stove, Dryer, Microwave, Microwave Built-in
Bedrooms:
5
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0
Cooling:
Central air conditioning
Fireplace:
No
Foundation:
Poured Concrete
Heating:
Forced air, Natural gas
# Storeys:
1.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Finished, Full
Lot Frontage:
50'15.2 m
Lot Features:
Paved Driveway
Parking:
Open
Total Parking Spaces:
5
Floor
Type
Size
Other
Lower level
Cold room
9'6"2.90 m × 3'8"1.12 m
-
Lower level
Utility room
8'9"2.67 m × 4'9"1.45 m
-
Lower level
Kitchen
15'3"4.65 m × 8'2"2.49 m
-
Lower level
Bedroom
19'7"5.97 m × 11'4"3.45 m
-
Lower level
Bedroom
13'4"4.06 m × 13'3.96 m
-
Main level
Dining room
8'9"2.67 m × 7'8"2.34 m
-
Main level
Bedroom
10'4"3.15 m × 8'6"2.59 m
-
Main level
Bedroom
11'3.35 m × 10'4"3.15 m
-
Main level
Primary Bedroom
11'3.35 m × 10'8"3.25 m
-
Main level
Kitchen
11'10"3.61 m × 11'3.35 m
-
Main level
Living room
16'3"4.95 m × 11'9"3.58 m
-
Floor
Ensuite
Pieces
Other
Lower level
No
3
5'10" x 9'10"
Main level
No
4
4'8" x 7'8"
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Brick-front residence with a concrete driveway, mature landscaping, a covered front porch, and a well-maintained front lawn
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Open concept living space featuring wood-finish flooring, recessed lighting, and a white trim package
Bathroom featuring a walk-in shower with large format marble-look tile walls and a hexagonal tile floor
Spacious room featuring wood-finish flooring, white walls, and a large bi-fold closet
Bedroom featuring wood-finish flooring, two sets of bi-fold closet doors, a neutral wall color, and flush-mount ceiling lighting
Listed by Keller Williams Home Group Realty, Brokerage
Data was last updated June 24, 2026 at 11:45 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$649,999
Min list price:
$329,900
Max list price:
$998,500
Avg days on market:
33
Min days on market:
0
Max days on market:
106
Avg price per sq.ft.:
$476.54
These statistics are generated based on the current listing's property type
and located in
52 - Preston North. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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