22 Rich Avenue,Cambridge, ON N1R2A5
Cambridge, ON N1R2A5
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:13843)
Details
| MLS # | X14090220 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 8 |
| Listing Provided By | Rock Star Real Estate Inc., Brokerage | JOSHUA ARNETT |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,500 |
| Garage | 7 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Dryer, Microwave, Two stoves, Water Heater, Two Refrigerators |
| Fireplace Yes / No | No |
Exterior
| Lot Features | In-Law Suite |
|---|---|
| Foundation Details | Poured Concrete |
Parking
| Parking Features | Attached Garage, Garage |
|---|---|
| Parking Total | 7 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4748.25 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Cambridge |
| Postal Code | N1R2A5 |
| Listing VS Median (in N1R2A5) | |
Price: $569,000 low | high Med: $569,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $379 low | high Med: $379 On site: 8 low | high Med: 8 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cambridge |
| Postal Code | N1R2A5 |
| Listing VS Median (in N1R2A5) | |
Price: $569,000 low | high Med: $569,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $379 low | high Med: $379 On site: 8 low | high Med: 8 | |
