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Property Type: Detached HouseOwnership: Freehold
22 RICH AVENUE
Cambridge, ON N1R2A5
MLS® X14090220
86
Walk Score
54
Transit
73
Bike
$569,000
4 bed2 bath7 parking
86
Walk Score
54
Transit
73
Bike
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2.5
- Lot size
- 66 x 99 FT
- Frontage
- 66 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,748.25
Interior
- Basement
- Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Bedroom | Main level | — |
| Bedroom | Main level | — |
| Kitchen | Second level | — |
| Living room | Second level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Recreational, Games room | Third level | — |
Description
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:63159)
Listing Information
- MLS®
- X14090220
- Data last synced
- October 18, 2026
Rock Star Real Estate Inc., Brokerage
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Rock Star Real Estate Inc., Brokerage
MLS® Number: X14090220
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of The Oakville, Milton & District Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Cambridge average
$416/sqft
251 active listing(s)
Parking: 7 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
139,163
(2021 Census)
+6.6% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.6% ($31,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$455,200.00
Periodic payment — Principal & Interest (monthly)$2,936.80
Additional monthly expenses (condo fees, tax, utilities, etc.)$395.69
Total monthly cost$3,332.48
Interest paid over 5-yr term$130,461.63
Balance at end of term$409,453.87
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$31,900
Stress test qualifying rate8.19%
Payment you must qualify for$4,164.53
Cash Needed at Closing
Minimum down payment$31,900
Estimated Land Transfer Tax (LTT)$7,855
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,255
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
