20 Elliott Street, Cambridge, ON N1R 2J2 (Ainslie to Elliott on left.)

Price : $1,299,000.00 , MLS®# : X13027746

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 Description

Ainslie to Elliott on left.

Property Details
  • Community:
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 20
  • Bath: 2
  • Garages: None
  • Annual Property Taxes : $ 6732
Building Features
  • Foundation Type: Poured Concrete-Stone
  • Counstruction Material : Concrete Block-Brick
  • Total Parking Space : 20
  • Parking Type : None
Building Features
  • Heating : RadiantOther
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 271.92 sq.ft
  • Land Depth: 161.72sq.ft
  • Square Footage : 133.53'x 8.91' x73.13' x123.10' x271.9'

Listing Contracted With: Exit Integrity Realty Inc.