20 ELLIOTT Street, Cambridge, Ontario N1R2J2
Listing courtesy of Exit Integrity Realty.
- $1,299,000
- 20
- BD
- 5,600
- SqFt
- List Price
- $1,299,000
- Price Change
- ▼ $201,000 1776902957
- MLS®
- 40807254
- Days on Market
- 167
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bedrooms
- 20
- Living Area
- 5,600
- Lot Size Dimensions
- 0.73
- Lot Size
- 31,798
- Subdivision
- 21 - Glenview, Lincoln, Oak
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:5764)
Additional Information
- Ownership
- Freehold
- Subdivision
- 21 - Glenview, Lincoln, Oak
- Parking Spaces
- 20
- Construction Materials
- Concrete block, Concrete Walls
- Cooling
- Wall unit
- Country
- Canada
- Sewer
- Municipal sewage system
- Community Features
- School Bus, Community Centre
- Heating
- Natural gas
- Lot Features
- Paved driveway
- Total Number Of Units
- 2
- Stories
- 2
- Lot Size
- 31,798
