$1,299,000
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:43681)
房源概要
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MLS® Number
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40803195 |
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房源类型
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Vacant Land |
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附近的便利设施
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Airport, 医院, 公共交通, 学校 |
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Communication Type
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Fiber |
详 情
土地
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英亩数
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无 |
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土地便利设施
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Airport, 医院, 公共交通, 学校 |
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污水道
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城市污水处理系统 |
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土地深度
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162 Ft |
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土地宽度
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272 Ft |
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不规则大小
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0.73 |
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Size Total
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0.73 Ac|1/2 - 1.99 Acres |
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规划描述
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N3 |
设备间
https://www.realtor.ca/real-estate/29442146/20-elliott-street-cambridge