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 the most active lower-priced neighbourhoods in Cambridge, with 10 sales and 26 active listings. The average sale price was $525,200, well below the city average, and homes sold in just 10 days, making this one of the faster-moving areas this period. Sales averaged 97.04% of list, so buyers are still negotiating, but the pace shows consistent demand. Both freehold and condo product moved, though freeholds clearly dominated the neighbourhood's activity.

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