20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON

20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON photo 2

20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON photo 3

20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON photo 4

20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON photo 5

+7 photos

$1,299,000

20 Elliott Street, Cambridge, ON N1R 2J2, Cambridge, ON

Cambridge, ON N1R 2J2

20 beds 2 baths Multiplex

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.

Property Score

38/ 100

Overall Property Score

poor

A blend of both buyer and investor metrics.

Score breakdown

Walkability

60/100good

Score based on neighborhood density, downtown proximity, and walkable amenities.

Transit Access

60/100good

GO Transit, LRT, and bus access from this neighborhood.

Schools

70/100great

Based on local school rankings (Fraser Institute proxy).

Affordability

182% of city avgpoor

Priced above Cambridge's average of $715,000.

Appreciation Trend

+1.6%/yrgood

Cambridge has seen +1.6% YoY price change.

Monthly Cash Flow

-$5,638/mopoor

Estimated -$5,638/mo at 20% down, 5% rate, 25-yr amortization.

Cap Rate

0.40%poor

Net operating income divided by purchase price.

Basement Suite Potential

Not viablepoor

This property type typically can't add a basement suite.

Move-In Ready

Avggreat

Estimate. Use the listing description and photos to assess actual condition.

MLS^® # X13027746

Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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