22 RICH AVENUE
Cambridge, Ontario
MLS® X13766738
$589,000
- Status
- Active
- Property type
- House
- MLS® number
- X13766738
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- —
1 / 38Listing 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.
Property summary
- MLS® number
- X13766738
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 66 x 99 FT
- Annual property taxes
- $4,748.25
- Parking
- 7 spaces · Attached Garage, Garage
- Days on market
- 14 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Full
- Appliances
- Washer, Dryer, Microwave, Two stoves, Water Heater, Two Refrigerators
- Exterior features
- Aluminum siding
- Lot features
- In-Law Suite
What would this home cost you?
Based on the $589,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Rock Star Real Estate Inc., Brokerage, OAKVILLE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.