20 ELLIOTT Street
Cambridge, Ontario
MLS® 40807254
$1,299,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40807254
- Bedrooms
- 20
- Bathrooms
- 1
- Year built
- 1901
1 / 29Listing 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.
Property summary
- MLS® number
- 40807254
- Property type
- Multi-family
- Size
- 5,600 sq ft
- Title
- Freehold
- Land size
- 0.73 acres
- Built in
- 1901
- Annual property taxes
- $6,732.00
- Parking
- 20 spaces · Open
- Days on market
- 220 days
Features & details
- Heating
- Natural gas
- Cooling
- Wall unit
- Basement
- Partially finished, Full
- Exterior features
- Concrete, Brick, Stucco
- Lot features
- Paved driveway
- Community features
- School Bus, Community Centre
What would this home cost you?
Based on the $1,299,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Exit Integrity Realty, Cambridge.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.