20 Elliott ST, Cambridge, ON N1R 2J2
20 Elliott ST, Cambridge, ON N1R 2J2
20 Elliott ST, Cambridge, ON N1R 2J2
20 Elliott ST, Cambridge, ON N1R 2J2
20 Elliott ST, Cambridge, ON N1R 2J2
20 Elliott ST, Cambridge, ON N1R 2J2
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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

2 Baths

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

20 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

MLS Listing ID X13027746

Style 2-Storey

Bedrooms 20

Annual Tax Amount $6,732

Tax Year 2025

Property Sub-Type Multiplex

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.

Location

Province ON

County Waterloo

Area Waterloo

Zoning N3

Rooms

Family Room No

Basement Separate Entrance

Kitchen 1

Interior

Interior Features Other

Cooling Window Unit(s)

Exterior

Exterior Feature Lighting, Porch

Parking Features Circular Drive, Private Double

Pool None

Roof Type Asphalt Shingle,Membrane

Lot Frontage 271.92

Lot Depth 161.72

Total Parking Spaces 20

Building

Building Age 100+

Foundation Poured Concrete, Stone

Others

Senior Community No

ParcelsYN Yes

Listed by Exit Integrity Realty Inc.

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20 Elliott ST

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