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Sunday, June 21st, 2026

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$1,299,000
Available - For Sale
Listing ID: X12867272
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.
Price $1,299,000
Taxes: $6,732
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Tenant
Address: 20 Elliott Street , Cambridge, N1R 2J2, Waterloo
Postal Code: N1R 2J2
Province/State: Waterloo
Legal Description: PT LT 10 PL 445 CAMBRIDGE AS IN 1159037;
Directions/Cross Streets: Ainslie
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Category: Designated
Building Percentage: T
Total Area: .73
Total Area Code:  Acres
Maintenance: 0
Heat Type: Water Radiators
Sewers: Sanitary
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Exit Integrity Realty Inc.

20 Elliott Street , Cambridge, N1R 2J2, Waterloo

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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Type: Com - Land
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 161.72(Feet)
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Tax: $6,732
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com