For Sale - 20 Elliott Street, Cambridge, Ontario

Est payment $6,238/mo
Views   1
Time on Jump  4 day
  • 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.

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20 Elliott Street
Cambridge , Ontario
20 2 $1,299,000
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