LOADING

$2,180,000

422/424 Nelson Street Ottawa, Ontario K1N 7S7

422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 1 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 2 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 3 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 4 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 5 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 6 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 7 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 8 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 9 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 10 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 11 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 12 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 13 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 14 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 15 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 16 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 17 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 18 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 19 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 20 - 1390444
422/424 Nelson Street, Ottawa, Ontario  K1N 7S7 - Photo 21 - 1390444

422/424 Nelson Street Ottawa, Ontario K1N 7S7

Central Air Conditioning Forced Air

Fantastic 6.32% CAP, NET $137,734, 4plex with opportunity to increase cashflow by approx. $36K with 2 permit ready vacant studio spaces. This almost immediate increase in cashflow will increase the value well beyond the capital invested to create the new units. Property operates with 4 never vacant student rentals, 2-4 bed 2 bth, 2-5 bed 2 bth - all on master leases. This is a very stable property that has operated under 1 management for 5+ years. The 2 spaces ready for development are at the back of the property and independent of the 4 existing units. Tenants pay all utilities but water. An incredible opportunity to own in the heart of the Sandy Hill. Vacancies are highly sought after by renters due to its central location, and its proximity to the University of Ottawa, the Rideau Canal, parks, shopping & dining. (id:42482)

Enquire

about 422/424 Nelson Street, Ottawa, Ontario K1N 7S7

    Property Details

    Property Details for 422/424 Nelson Street, Ottawa, Ontario K1N 7S7

    MLS® Number 1390444
    Property Type Multi-family
    Neighbourhood Sandy Hill
    AmenitiesNearby Public Transit, Recreation Nearby, Shopping
    ParkingSpaceTotal 4

    Building

    Building details for 422/424 NELSON STREET, Ottawa, Ontario K1N 7S7
    BasementDevelopment Partially Finished
    BasementType Full (partially Finished)
    ConstructedDate 1902
    ConstructionStyleAttachment Attached
    CoolingType Central Air Conditioning
    ExteriorFinish Brick, Siding
    FlooringType Laminate, Tile
    HeatingFuel Natural Gas
    HeatingType Forced Air
    StoriesTotal 2
    Type Fourplex
    UtilityWater Municipal Water

    Parking

    Open
    Tandem

    Land

    Acreage No
    LandAmenities Public Transit, Recreation Nearby, Shopping
    Sewer Municipal Sewage System
    SizeDepth 101 Ft ,2 In
    SizeFrontage 39 Ft ,11 In
    SizeIrregular 39.95 Ft X 101.14 Ft
    SizeTotalText 39.95 Ft X 101.14 Ft
    ZoningDescription Res

    SLEEPWELL REALTY GROUP LTD
    423 Bronson Ave
    Ottawa, Ontario K1R 6J5

    (613) 521-2000
    sleepwellrealty.com/

    Book A Showing

    422/424 Nelson Street, Ottawa, Ontario K1N 7S7

    Booking: Pick a preferred date and time for the property showing
    LRG Logo All White
    pngwing.com
    Evaluate your home's worth with our property

    Find out how much your home is worth with Labrosse Real Estate Group’s free home value estimation service – get started now!