
22 Rich Avenue
Cambridge, N1R2A5
Get alerts for homes like thisAbout 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
| Level | Room | Size |
|---|---|---|
| Main level | Living room | |
| Main level | Kitchen | |
| Main level | Dining room | |
| Main level | Bedroom | |
| Main level | Bedroom | |
| Second level | Kitchen | |
| Second level | Living room | |
| Second level | Bedroom | |
| Second level | Bedroom | |
| Third level | Recreational, Games room |
Location
Get to know the streets, the schools, the parks and the kind of homes you will find in Lincoln Oaks.
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