20 ELLIOTT Street, Cambridge, ON N1R2J2
20 ELLIOTT Street, Cambridge, ON N1R2J2
20 ELLIOTT Street, Cambridge, ON N1R2J2
20 ELLIOTT Street, Cambridge, ON N1R2J2
20 ELLIOTT Street, Cambridge, ON N1R2J2
20 ELLIOTT Street, Cambridge, ON N1R2J2
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Tony & Ledi Real Estate Team

Tony & Ledi Real Estate Team

+1(647) 493-3579
$ 1,299,000
Est. payment | /mo

20 Beds

1 Bath

5,600 SqFt

Save
$ 1,299,000
Est. payment | /mo
Save

20 Beds

1 Bath

5,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5600

Square Footage 5,600 sqft

Price per Sqft $231

Subdivision 21 - Glenview, Lincoln, Oak

MLS® Listing ID 40807254

Bedrooms 20

Year Built 1901

Lot Size 0.730 Acres

Acres 0.73

Property Sub-Type Freehold

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Cooling Wall unit

Exterior

Parking Features No

Fence Partially fenced

Community Features Community Centre, School Bus

View Y/N No

Attached Garage No

Total Parking Spaces 20

Garage No

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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20 ELLIOTT Street