view of front of home featuring stucco siding, a storage unit, and a front yard Features: gutters, downspout, concrete foundation, shed, stoop, outdoor structure, shingle roof, stucco siding, lawn More Photos

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    For Sale - 20 Elliott Street, Cambridge, Ontario

    Est payment $6,238/mo
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    Views   1
    Time on Jump  53 day

    AI Summary *

    • Income-producing asset with 20+ residential rooms for immediate cash flow.
    • Located in a central area with beautiful views of the Grand River.
    • Potential for various redevelopment strategies like condos or student housing.
    • Walking distance to the University of Waterloo providing strong demand.
    • Full municipal services available with a vast frontage in an intensification area.




    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 IDX13027746
    Address20 Elliott Street
    CityCambridge, Ontario
    Price$1,299,000
    Bed / Bath20 / 2 Full
    Style2-Storey, Multiplex
    ConstructionConcrete Block, Brick
    Land Size0.73
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOutdoor Features Lighting, PorchAmenities Hospital, Library, Park, Public Transit, School, School Bus RouteOwnership FreeholdBasement Separate EntranceFoundation Poured Concrete, StoneHeating / Cooling RadiantHeating Fuel OtherSewer Sewer

    Parking 20.00
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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.

    Hospital
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    20 Elliott Street
    Cambridge , Ontario
    20 2 $1,299,000
    Get more info