20 Elliott Street, Cambridge, ON N1R 2J2
Cambridge
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 20 Elliott Street, Cambridge, ON N1R 2J2
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MLS# X12867272
Listed by Exit Integrity Realty Inc.
On market since Mar 10, 2026
What comparable homes actually sold for in the last 12 months.
20 Elliott Street, Cambridge, ON N1R 2J2 is listed for $1,299,000 CAD.
20 Elliott Street, Cambridge, ON N1R 2J2 is a Land.
20 Elliott Street, Cambridge, ON N1R 2J2 is in Cambridge, Ontario.
20 Elliott Street, Cambridge, ON N1R 2J2 is currently for sale.
The annual property taxes on 20 Elliott Street, Cambridge, ON N1R 2J2 are approximately $6,732 CAD.
Contact Alex Morgan at +16471112222 to arrange a private showing of 20 Elliott Street, Cambridge, ON N1R 2J2 (MLS# X12867272). You can also send a message through the contact form on this site.
