20 Elliott Street Cambridge, Ontario N1R 2J2
$1,299,000
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:56248)
Property Details
| MLS® Number | 40807254 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Community Centre, School Bus |
| Features | Paved Driveway |
| Parking Space Total | 20 |
Building
| Bedrooms Total | 20 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1901 |
| Construction Material | Concrete Block, Concrete Walls |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Concrete, Stucco |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 5,600 Sqft |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 162 Ft |
| Size Frontage | 272 Ft |
| Size Irregular | 0.73 |
| Size Total | 0.73 Ac|1/2 - 1.99 Acres |
| Size Total Text | 0.73 Ac|1/2 - 1.99 Acres |
| Zoning Description | N3 |
https://www.realtor.ca/real-estate/29442144/20-elliott-street-cambridge
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April 22 2026 06:03:12
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