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    For Sale - 20 Elliott Street, Cambridge, Ontario

    Est payment $6,238/mo
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    Views   2
    Time on Jump  117 day

    AI Summary *

    • Large 0.73-acre lot in the heart of Downtown Galt.
    • Current operation with over 20 residential rooms for immediate income.
    • Flexible options for reconfiguration into various housing types.
    • Close proximity to University of Waterloo School of Architecture.
    • Located in an area supportive of residential redevelopment opportunities.




    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.
    Listing IDX12867272
    Address20 Elliott Street
    CityCambridge, Ontario
    Price$1,299,000
    StyleLand
    Land Size0.73
    TypeVacant Land
    StatusFor Sale

    Subtype LandHeating / Cooling Water RadiatorsSewer Sanitary

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    Listing Agency:  Exit Integrity Realty Inc.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    20 Elliott Street
    Cambridge , Ontario
    $1,299,000
    Get more info