20 Elliott Street

About this Property

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.

Listing Details

MLS #

40807254

Board

ITSO

Market

ontario

Property Type

Multi Family

Style

Residential Income

Year Built

1901

Parking Spaces

20

Basement

Separate Entrance, Walk-Up Access, Full, Partially Finished

Heating

Natural Gas, Radiator

Cooling

Wall Unit(s)

Lot Size

271.92 × 161.72 ft

Annual Taxes

$6,732/yr

Listed By

Exit Integrity Realty

Presented By

REMAX Hallmark®

Listed On

March 6, 2026

Days on Market

220