Listed price in listed location currency (CAD).
$1,299,000

20020

MLS® 40807254

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 5600 sqft
Garage 
Taxes $6,732
Days Active 93
Lot Size 
Approx. Age 1901
Avg. Price Per Sqft $231
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 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.
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

-End Date
Not Sold YetSold Price

For Sale

Mar 7, 2026List Date
$1,299,000List Price
  • Commute

Commute

Starting Address
Destination Address
20 Elliott St, Cambridge, ON

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