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$ 1,299,000
Est. payment | /mo
20 Beds
5,600 SqFt
$ 1,299,000
Est. payment | /mo
20 Beds
5,600 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5600
Square Footage 5,600 sqft
Price per Sqft $231
Subdivision 21 - Glenview, Lincoln, Oak
MLS® Listing ID 40807254
Bedrooms 20
Year Built 1901
Lot Size 0.730 Acres
Acres 0.73
Property Sub-Type Freehold
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Cooling Wall unit
Exterior
Parking Features No
Fence Partially fenced
Community Features Community Centre, School Bus
View Y/N No
Attached Garage No
Total Parking Spaces 20
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Exit Integrity Realty
NEARBY SCHOOL & BUSINESS