CAONCambridgeChristopher-Champlain20 Elliott St
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20 Elliott St, Cambridge, ON

House

For Sale

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20020

MLS® 40807254

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 5600 sqft
Garage 
Taxes $6,732
Days Active 40
Lot Size 
Approx. Age 1901
Avg. Price Per Sqft $267
MLS® Number 40807254

Property Address: 20 Elliott St, Cambridge, ON, N1R2J2

Average square foot calculated using Size range provided by listing agent.

Description

Income-Producing Multi-Residential Opportunity with Major Redevelopment Potential – Downtown Galt Welcome to 20 Elliott Street, a rare large-format investment property set on approximately 0.73 acres overlooking historic Downtown Galt and the Grand River. Originally built in 1901 and operated as The Hilltop Manor, this former nursing home has been converted into 20+ individual residential rooms, providing immediate income potential while offering significant opportunities for value-add repositioning. The substantial character building offers multiple pathways for investors, including continued rooming income, reconfiguration into bachelor, one-bedroom or two-bedroom apartment suites, student housing, or condos, ideally positioned within walking distance of the University of Waterloo School of Architecture. The expansive ¾-acre site with approximately 271 feet of frontage and full municipal services is a rare offering within Cambridge’s urban core. Located in a mature neighbourhood overlooking the Grand River and steps from Downtown amenities, the property sits within an area the City has identified for future residential intensification, where conversion from institutional uses to residential forms are supported. Investors may choose to generate income while exploring future redevelopment possibilities, which could include mid-rise residential, stacked townhouses, or other higher-density residential forms (subject to planning approvals). Properties combining existing income, large urban land scale, and long-term redevelopment potential are exceptionally rare in Downtown Galt’s rapidly evolving urban core.Show Description
MLS® Number40807254
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1901
BasementSeparate Entrance, Walk-Up Access, Full, Partially Finished
DrivewayAsphalt
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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Commute

Starting Address
Destination Address
20 Elliott St, Cambridge, ON

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