20 ELLIOTT Street, Cambridge, Ontario, N1R2J2
MLS: 40807254 | Multi-family
$1,299,000
Property Description
Income-Producing Asset + Large-Scale Redevelopment Upside – Downtown Galt Welcome to 20 Elliott Street — a rare 0.73 (+/-) acre urban core holding overlooking historic Downtown Galt and the Grand River. Originally built in 1901 as The Hilltop Manor, this former nursing home now operates as 20+ individual residential rooms, delivering immediate income with substantial upside. This large-format character building offers multiple high-value strategies: continue strong rooming income, reconfigure to bachelor, one- or two-bedroom units, student housing, or potential condo conversion — all within walking distance to the University of Waterloo School of Architecture. This one of a kind site with ~271 feet of frontage and full municipal services is a standout — a scale and setting rarely available in Cambridge’s urban core. Positioned in a mature neighbourhood overlooking the Grand River and steps to Downtown amenities, the property sits within a City-supported intensification area, where conversion from institutional to residential uses is encouraged. Generate income now while advancing a future redevelopment play — potential for mid-rise residential, stacked towns, or higher-density formats (subject to approvals). Opportunities combining cash flow, land scale, and redevelopment potential in Downtown Galt are extremely limited — this is one of them. (id:64974)
Quick Facts
- Property Type: Multi-family
- Bedrooms: 20
- Bathrooms: 0
- Living Area: 5,600 sq ft (520.3 m²)
- Above Grade: 5,600 sq ft (520.3 m²)
- Year Built: 1901
- Ownership: Freehold
- Parking: 20.0 spaces (Open)
- Lot Size: 0.7300 acres (0.3 ha)
- Frontage: 272 ft (82.9 m)
Costs
- Annual Taxes: $6,732.00
Listing Provided by: Exit Integrity Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Natural gas
- Cooling: Wall unit
- Basement: Partially finished, Full
Exterior & Construction
- Exterior: Concrete, Brick, Stucco
- Construction: Concrete block, Concrete Walls
- Foundation: Block
- Fencing: Partially fenced
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Lot Size: 0.7300 acres (0.3 ha)
- Frontage: 272 ft (82.9 m)
- Features: Paved driveway
- Zoning: N3
Community & Neighbourhood
- Community: School Bus, Community Centre
- Subdivision: 21 - Glenview, Lincoln, Oak
Listing Information
Listing History
MLS listing activity for 20 ELLIOTT Street, Cambridge, Ontario, N1R2J2 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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20 ELLIOTT Street, Cambridge, Ontario, N1R2J2