22 Rich Avenue, Cambridge, ON N1R 2A5
- $589,000
- 4
- BD
- 2
- BA
- 1,500
- SqFt
- List Price
- $589,000
- MLS#
- X13766738
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 2 1/2 Storey
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1500-2000
- Province
- ON
- Municipality
- Cambridge
- Area
- Waterloo
- Subdivision
- Oak St & Main St
Property Description
Forced appreciation opportunity in historic East Galt! This 2.5-storey century home offers over 1,800 sq. ft. on a rare double lot, with a garage and parking for 6. A compelling opportunity for investors and house hackers looking to acquire a property with existing income, flexibility, and significant future upside. Currently configured with two living spaces, the upper unit provides rental income while the main floor is vacant. This creates an opportunity to live in the property while offsetting your housing costs, or to reposition the property to maximize rental income. Zoned R4, the property offers exciting potential to explore increased residential density, including multiplex conversion. The double lot further appeals to investors seeking efficient use of the existing footprint. Whether you're looking to house hack, establish a stronger rental portfolio, or pursue a longer-term value-add strategy, this property offers multiple paths to growth. Minutes from historic downtown Galt, trails, and local amenities. A rare combination of land, income, and future potential.
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Additional Information
- Taxes
- $4,748
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 2
- Exterior
- Aluminum Siding
- Garage Spaces
- 1
- Garage Type
- Attached
- Pool
- None
- Parking Spaces
- 7
- Parking Type
- Private Triple
Mortgage Calculator
Listing courtesy of Rock Star Real Estate Inc., Brokerage.