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16 RICH Avenue

16 RICH Avenue

Cambridge, Ontario

3 bed • 2 bath • Single Family

$399,900

Not every home is move-in ready, but some are ready to be transformed, and if you've been waiting for the right project, this is one that makes a lot of sense. Set on a mature 65' x 99' property in one of Cambridge's historic neighbourhoods, 16 Rich Avenue is the kind of home where the upside is clear from the moment you arrive. A long driveway leads to a solid, well-kept detached garage, while the lot itself offers the space and setting that newer areas simply can't replicate. Inside, the home is ready for its next chapter. The structure is there, the layout is functional, and the character remains. It just needs the right vision and dedication to bring it back to life. Whether you're a buyer looking to build equity, a contractor ready for your next project, or someone who sees the value in restoring a home over time, this is a chance to create something that reflects your own style and effort. The location only adds to the appeal: established streets, mature trees, and a neighbourhood that has stood the test of time, plus close proximity to downtown Galt, the Grand River, parks, and everyday amenities. This isn't a turnkey home, and that's exactly the point. It's a property with character and potential, in a location that makes the work worthwhile.

Price History

Property

Lot Size
0.15 acres

Schools

Elementary

  • Central Public School0.3 km

    Public · Waterloo Region DSB · 255 students

    Grade 3 reading: 61% met the provincial standard · Grade 6 math: 38% met the provincial standard

  • St Anne Catholic Elementary School0.9 km

    Catholic · Waterloo CDSB · 425 students

    Grade 3 reading: 63% met the provincial standard · Grade 6 math: 27% met the provincial standard

  • Chalmers Street Public School1 km

    Public · Waterloo Region DSB · 385 students

    Grade 3 reading: 58% met the provincial standard · Grade 6 math: 35% met the provincial standard

Secondary

  • Glenview Park Secondary School1.4 km

    Public · Waterloo Region DSB · 1055 students

    Grade 10 literacy: 85% met the provincial standard

  • Galt Collegiate and Vocational Institute1.5 km

    Public · Waterloo Region DSB · 960 students

    Grade 10 literacy: 83% met the provincial standard

  • Monsignor Doyle Catholic Secondary School2.1 km

    Catholic · Waterloo CDSB · 1115 students

    Grade 10 literacy: 92% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N1R

Population
42,928
Private dwellings
18,081
Median age
40.8
Average household size
2.5
Median household income
$77,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Cambridge · last 12 months

Median sold price
$675,000
Homes sold
1,255
Median days on market
19
Sale-to-list price
100.6%

Based on 1,255 recorded sales of single family properties in Cambridge over the last 12 months.

Walk Score

86

Walk

54

Transit

73

Bike

Scores by Walk Score®

Location

Mortgage Calculator

$79,980

Estimated Monthly Payment

$1,965

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $1,965/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $100/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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Reita said:

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