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$ 1,299,000
Est. payment | /mo
20 Beds
2 Baths
$ 1,299,000
Est. payment | /mo
20 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X13027746
Style 2-Storey
Bedrooms 20
Annual Tax Amount $6,732
Tax Year 2025
Property Sub-Type Multiplex
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.
Location
Province ON
County Waterloo
Area Waterloo
Zoning N3
Rooms
Family Room No
Basement Separate Entrance
Kitchen 1
Interior
Interior Features Other
Cooling Window Unit(s)
Exterior
Exterior Feature Lighting, Porch
Parking Features Circular Drive, Private Double
Pool None
Roof Type Asphalt Shingle,Membrane
Lot Frontage 271.92
Lot Depth 161.72
Total Parking Spaces 20
Building
Building Age 100+
Foundation Poured Concrete, Stone
Others
Senior Community No
ParcelsYN Yes
Listed by Exit Integrity Realty Inc.
Nearby Locations