About 20 Elliott Street
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.
Features of 20 Elliott Street
| MLS® # | X13027746 |
|---|---|
| Price | $1,299,000 |
| Bedrooms | 20 |
| Bathrooms | 2.00 |
| Square Footage | 5000 + |
| Acres | 0.73 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2-Storey |
| Status | Active Under Contract |
Community Information
| Address | 20 Elliott Street |
|---|---|
| Area | Waterloo |
| City | Cambridge |
| Province | ON |
| Postal Code | N1R 2J2 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Radiant |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| Basement | Separate Entrance |
| Kitchens | 1 |
Exterior
| Exterior | Concrete Block, Brick |
|---|
Listing Details
| Office | Exit Integrity Realty Inc. |
|---|