422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa

422/424 NELSON STREET, Ottawa, Ontario

$2,180,000

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:56241)

  • Listing ID: 1390444
  • Property Type: Multi-family
  • Year Built: 1902
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Details

  • Amenities Nearby: Public Transit, Recreation Nearby, Shopping
  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: RES

Building

  • BasementType: Full (Partially finished)
  • Basement Development: Partially finished
  • Constructed Date: 1902
  • Construction Style Attachment: Attached
  • Cooling: Central air conditioning
  • Exterior Finish: Brick, Siding
  • Fireplace Present: False
  • Flooring: Laminate, Tile
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 2
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit, Recreation Nearby, Shopping
  • Sewer: Municipal sewage system
  • Size Frontage: 39 ft ,11 in
  • Size Irregular: 39.95 ft X 101.14 ft
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 422/424 NELSON STREET in Ottawa Ontario. It was last modified on May 8th, 2024. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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