20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON, N1R 2J2
MLS: X13027746 | Multiplex
$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.
Quick Facts
- Property Type: Multiplex
- Style: 2-Storey
- Bedrooms: 20 (20 above)
- Bathrooms: 2
- Parking: 20.0 spaces (Circular Drive, Private Double)
- Lot Size: 1 sq ft (0.1 m²)
Costs
- Annual Taxes: $6,732.00 (2025)
Listing Provided by: Exit Integrity Realty Inc.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Window Unit(s)
- Basement: Separate Entrance
Exterior & Construction
- Style: 2-Storey
- Exterior: Lighting, Porch
- Roof: Asphalt Shingle, Membrane
- Construction: Concrete Block, Brick
- Foundation: Poured Concrete, Stone
- Sewer: Sewer
Lot & Land
- Lot Size: 1 sq ft (0.1 m²)
- Pool: None
- Zoning: N3
Listing Information
Listing History
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20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON, N1R 2J2