20 ELLIOTT Street

About this home.

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:59491)

The full record.

How this listing prices against Glenview, Lincoln, Oak.

Glenview, Lincoln, Oak was one of Cambridge's busiest affordable neighbourhoods, with 11 sales and 27 active listings. The average price was $561,045, well below the city average, while homes sold in 13.4 days at 97.63 percent of list, showing steady demand in a more accessible price band. Freeholds carried most of the activity, while condo inventory remains much heavier relative to sales.

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