20 ELLIOTT Street
View on REALTOR.caListing 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:42029)
Property Summary
Property Type
Multi-family
Building Type
Multi-family
Square Footage
5,600 sqft
Lot Size
0.73
Storeys
2
Year Built
1901
Neighbourhood
21 - Glenview, Lincoln, Oak
Zoning
N3
Annual Property Taxes
$6,732
Parking Type
Open
Total Parking Spaces
20
Time on Market
43 days
Building
Bedrooms
Total
20
Bathrooms
Total
0
Interior Features
Basement Type
Partially finished, Full
Building Features
Construction
Concrete block, Concrete Walls
Foundation Type
Block
Exterior Finish
Concrete, Brick, Stucco
Heating & Cooling
Cooling
Wall unit
Heating Type
Natural gas
Measurements
Square Footage
5,600 sqft
Lot Dimensions
0.73
Land
Neighbourhood Features
Community Features
School Bus, Community Centre
Fencing
Partially fenced
Maintenance or Condo Information
Parking
Parking Type
Open
Total Parking Spaces
20
Location
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Listing data provided through the CREA Data Distribution Facility (DDF®). The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. All information deemed reliable but not guaranteed and should be independently verified. Data last updated: 2026-04-20.