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About the Listing 576600 -
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.
Interior Details
- Bedrooms: 20
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Separate Entrance
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle,Membrane
- Others: Lighting,Porch,Hospital,Library,Park,Public Transit,School,School Bus Route
- Sewer: Sewer
- Parking Features: Circular Drive,Private Double,No Garage
Financial Details
- Tax Amount: $6,732
- Taxes w/Assessments: N/A
- Tax/Property ID: 038340051
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
20 Elliott St Cambridge, ON N1R 2J2
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