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.
4 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $379 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 22 Rich Ave
Every detail from the listing, in one place.
Type
Detached
Style
2 1/2 Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
7 spacesYes garage
Basement
Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
7
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Detached
22 Rich Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14090220$569,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 22 Rich Ave Compares to the Cambridge Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,795
/mo
based on the purchase price of $569,000
$113,800 cash
$455,200 financed
$383,398 total interest
Principal54%$455,200
Interest46%$383,398
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Cambridge
Other 3-bed homes for sale in Cambridge around $569K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings441Homes for sale here right now.
Median vs prior 90 days+1.1%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 457 sales from Jul 24 – Oct 22, 2026 (374 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 22 Rich Ave
How much is 22 Rich Ave listed for?
22 Rich Ave is listed at $569,000 (MLS® X14090220). Summitly updates the price as soon as the MLS® record changes.
Is $569,000 a good price for 22 Rich Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Cambridge. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 22 Rich Ave changed?
No — 22 Rich Ave is still listed at its original asking price of $569,000.
How many bedrooms and bathrooms does 22 Rich Ave have?
22 Rich Ave has 4 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Cambridge.
How much would the monthly mortgage be on 22 Rich Ave?
About $2,795 a month — principal and interest on $569,000 with 20% down ($113,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 22 Rich Ave compare with other homes in Cambridge?
Its asking price of $569,000 is about 17% below the median sold price in Cambridge over the last 90 days, $682,500, across 457 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 22 Rich Ave been sold before?
Summitly has no earlier MLS® sale or lease of 22 Rich Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 22 Rich Ave?
22 Rich Ave is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 22 Rich Ave been on the market?
5 days — 22 Rich Ave was listed on October 17, 2026.
What is the price per square foot of 22 Rich Ave?
About $285 to $379 per square foot: the asking price of $569,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 22 Rich Ave have parking or a garage?
Yes — the listing gives 7 parking spaces. Garage: Yes.
Does 22 Rich Ave have a basement, and is it finished?
