22 RICH AVENUE, Cambridge, Ontario N1R 2A5
$589,000.00
- 4 bedrooms
- 2 bathrooms
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 ... read more
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:25417)
- Listing ID: X13766738
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 66 by 99 FT |
| Parking: | Attached Garage 7 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dryer, Microwave, Two Refrigerators, Two Stoves, Washer and Water Heater |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Aluminum Siding |
| Basement: | Full |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Cambridge |
| Province: | Ontario |
| Nearby Amenities: | Public Transit and Schools |
| Rooms | Level | Dimensions |
|---|---|---|
| Kitchen | Second level | 3.05 m x 2.9 m |
| Living room | Second level | 3.81 m x 2.9 m |
| Bedroom | Second level | 3.96 m x 3.35 m |
| Bedroom | Second level | 3.96 m x 3.05 m |
| Recreational, Games room | Third level | 6 m x 6.1 m |
| Living room | Main level | 3.96 m x 3.96 m |
| Kitchen | Main level | 3.35 m x 2.13 m |
| Dining room | Main level | 3.51 m x 2.13 m |
| Bedroom | Main level | 3.96 m x 2.74 m |
| Bedroom | Main level | 3.96 m x 3.66 m |
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