0.73 Acres Lot
0.73 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40803195
Annual Tax Amount $6,732
Lot Size 0.730 Acres
Acres 0.73
Property Sub-Type Mixed Use
Source Cornerstone
Property Description
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 12 - Galt East
Zoning N3
Direction Ainslie to Elliott on left.
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Cell Service, Electricity Connected, Fibre Optics, Natural Gas Connected, Street Lights
Lot Frontage 271.92
Lot Depth 161.72
Garage No
Building
Lot Description Urban, Irregular Lot, Airport, City Lot, Hospital, Public Transit, Schools
Faces Ainslie to Elliott on left.
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 038340051
Ownership Freehold/None
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