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22 RICH AVENUE, Cambridge — listed at $569,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.96 x 3.96 meters |
| Kitchen | Main level | 3.35 x 2.13 meters |
| Dining room | Main level | 3.51 x 2.13 meters |
| Bedroom | Main level | 3.96 x 2.74 meters |
| Bedroom | Main level | 3.96 x 3.66 meters |
| Kitchen | Second level | 3.05 x 2.9 meters |
| Living room | Second level | 3.81 x 2.9 meters |
| Bedroom | Second level | 3.96 x 3.35 meters |
| Bedroom | Second level | 3.96 x 3.05 meters |
| Recreational, Games room | Third level | 6 x 6.1 meters |
Is this a good starter home?+
At $569,000, this is priced in starter-home territory for Cambridge. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Does it have a basement, and is it finished?+
The listing describes the basement as: Full. Confirm the finishing status during a showing — it affects both livable space and resale value.
How is the space laid out across floors?+
This is a 2.5-storey single family. The 4 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,748.25, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is 22 RICH AVENUE a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
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