38
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$589,000
Est. payment /mo
4 Beds
2 Baths
Active
22 RICH AVENUE Cambridge, ON N1R2A5
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Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
MLS® Listing ID X13766738
Bedrooms 4
Property Sub-Type Freehold
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. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 3.05 m X 2.9 m Kitchen
Extra Room 2 Second level 3.81 m X 2.9 m Living room
Extra Room 3 Second level 3.96 m X 3.35 m Bedroom
Extra Room 4 Second level 3.96 m X 3.05 m Bedroom
Extra Room 5 Third level 6 m X 6.1 m Recreational, Games room
Extra Room 6 Main level 3.96 m X 3.96 m Living room
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Attached Garage Yes
Total Parking Spaces 7
Garage Yes
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by Rock Star Real Estate Inc., Brokerage
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