20 Elliott Street Cambridge, Ontario N1R 2J2

$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

MLS® Number 40803195
房源类型 Vacant Land
附近的便利设施 Airport, 医院, 公共交通, 学校
Communication Type Fiber

详 情

地下室类型 没有
设备间 市政供水

土地

英亩数
土地便利设施 Airport, 医院, 公共交通, 学校
污水道 城市污水处理系统
土地深度 162 Ft
土地宽度 272 Ft
不规则大小 0.73
Size Total 0.73 Ac|1/2 - 1.99 Acres
规划描述 N3

设备间

配电箱 可用
天然气 可用

https://www.realtor.ca/real-estate/29442146/20-elliott-street-cambridge