ON
Cambridge
N1R 2A5
22 Rich Avenue
22 Rich Avenue, Cambridge, ON N1R 2A5
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Listing Type
Single Family
Listing Status
Active
34
$589,000

Home Details for 22 Rich Avenue

Price
$589,000
Type
Residential
Bedrooms
4
Total Bathrooms
2
Basement
Full
Listing #
X13766738
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:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Parking
    • Garage
    • Attached
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • House Interior
    • In-Law Floorplan
  • Garage
    • 1
  • Basement
    • Full
Listing Courtesy: Rock Star Real Estate Inc., Brokerage
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Office
647 618 3158
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