20 Elliott Street Cambridge, Ontario N1R 2J2
$1,500,000
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:50617)
Property Details
| MLS® Number | 40803195 |
| Property Type | Vacant Land |
| Amenities Near By | Airport, Hospital, Public Transit, Schools |
| Communication Type | Fiber |
Building
| Basement Type | None |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Airport, Hospital, Public Transit, Schools |
| 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 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/29442146/20-elliott-street-cambridge
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April 19 2026 04:21:25
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