Open New Doors Real Estate
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$569,000

22 Rich Avenue

Cambridge, N1R2A5

4 bd2 baDetachedListed 9 days agoExplore Lincoln Oaks →

Listed by Rock Star Real Estate Inc., Brokerage · MLS® X14090220

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About this home

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.

Details

Storeys
2.5
Lot
66 x 99 FT
Taxes
$4,748
Parking
7 spaces · Attached Garage, Garage
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Full
Exterior
Aluminum siding
Appliances
Washer, Dryer, Microwave, Two stoves, Water Heater, Two Refrigerators
Water
Municipal water
Sewer
Sanitary sewer
Ownership
Freehold

Features: In-Law Suite

Rooms

LevelRoomSize
Main levelLiving room
Main levelKitchen
Main levelDining room
Main levelBedroom
Main levelBedroom
Second levelKitchen
Second levelLiving room
Second levelBedroom
Second levelBedroom
Third levelRecreational, Games room

Location

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