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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Christine Domina

Christine Domina

+1(416) 873-4747
$1,299,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID X12867272

Annual Tax Amount $6,732

Tax Year 2025

Property Sub-Type Land

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

Exterior

Utilities Available Yes

Lot Frontage 271.92

Lot Depth 161.72

Others

ParcelsYN No

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Listed by Exit Integrity Realty Inc.

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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