22 Rich Avenue
Cambridge, ON
- 4 bed
- 2 bath
- approx. 1500-2000 sqft
- Detached
- 10 days on market
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.
Listing Details
- Taxes (2026)
- $4,748
- Listed
- September 10, 2026
Price History
Property
- Style
- 2 1/2 Storey
- Age
- 100+
- Construction
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Primary Bedroom - Main Floor, In-Law Suite, Water Heater
- Lot Size
- 66 x 99 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 1
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Oak St & Main St
- Parcel Number
- 038190080
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 2 fridges, 2 stoves, 1 B/I microwave, 1 stacked washer-dryer, 1 washer, 1 dryer
- Exclusions
- Tenant's Belongings
- Rental Items
- Water Heater
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
Residential Freehold in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,219
- Median days on market
- 20
- Sale-to-list price
- 100.5%
Based on 1,219 recorded sales of residential freehold properties in Cambridge over the last 12 months.
Rooms
4-piece on Main, 4-piece on Second
Third
- Recreation19'8" x 20'
Second
- Bedroom13' x 11'
- Bedroom13' x 10'
- Kitchen10' x 9'6"
- Living Room12'6" x 9'6"
Main
- Bedroom13' x 12'
- Bedroom13' x 9'
- Dining Room11'6" x 7'
- Kitchen11' x 7'
- Living Room13' x 13'
Listed by
Rock Star Real Estate Inc., Brokerage
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$117,800
Estimated Monthly Payment
$2,894
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,894/mo (20% down, 5.5%)
Taxes: $396/mo · Insurance: $147/mo
Estimates only. Consult a financial advisor.
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