20 ELLIOTT Street, Cambridge, Ontario

$1,299,000

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. (id:23309)

Listing ID: 40803195
Property Type: Vacant Land

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Details

Amenities Nearby: Airport, Hospital, Public Transit, Schools
Communication: Fiber
Ownership: Freehold
Transaction: For sale
Zoning Description: N3

Building

BasementType: None
Fireplace Present: False
Utility Water: Municipal water

Land

Amenities: Airport, Hospital, Public Transit, Schools
Sewer: Municipal sewage system
Size Frontage: 272 ft
Size Irregular: 0.73
Size Total: 0.73 ac|1/2 - 1.99 acres

Listing provided by Exit Integrity Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 20 ELLIOTT Street in Cambridge Ontario. It was last modified on March 7th, 2026. Contact The AJ Collective to schedule a viewing or to discover other Cambridge properties for sale.

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