For Sale - 20 Elliott Street, Cambridge, Ontario

Est payment $6,238/mo
Views   2
Time on Jump  69 day
  • 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.

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20 Elliott Street
Cambridge , Ontario
$1,299,000
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