Office: 613.592.6400

Direct: 613.324.5472

422/424 NELSON STREET
Ottawa, Ontario K1N7S7

$2,180,000

ID# X9515118

18 Bedroom 1 Bathroom

Central air conditioning Forced air

Flooring: Tile, Flooring: Laminate, 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:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of SLEEPWELL REALTY GROUP LTD

Listed on: May 08, 2024

On market: 206 days

Bathroom Total	1
Bedrooms Total	18
Cooling Type	Central air conditioning
Heating Type	Forced air
Heating Fuel	Natural gas

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CONTACT LISA TODAY

Get In Touch

Lisa Fitzpatrick ABR, SRS

Sales Representative

Office: 613.592.6400

Direct: 613.324.5472

info@lisafitzpatrick.ca

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422/424 NELSON STREET Ottawa, Ontario K1N7S7

18 Bedroom 1 Bathroom

Central air conditioning Forced air

YOU MIGHT ALSO LIKE THESE LISTINGS

38 BONNER ROAD Greater Madawaska $1,149,000 Beds: 3 Baths:2 Sq Ft:ArrayLISA FITZPATRICK | Sales Representative

1133 NORMANDY CRESCENT Ottawa $749,900 Beds: 3 Baths:2 Sq Ft:ArrayLISA FITZPATRICK | Sales Representative

1141 MEADOW LANE ROAD Ottawa $999,900 Beds: 4 Baths:10 Sq Ft:ArrayLORRAINE GOULARD

5253 CALABOGIE ROAD Greater Madawaska $2,450,000 Beds: 8 Baths:5 Sq Ft:ArrayBRENDEN SCOTT

513 - 600 MOUNTAINEER Ottawa $2,930 Beds: 1 Baths:0 Sq Ft:699.9943 - 1099.9909 sqftCATHERINE WORRICK

403 - 100 ROGER GUINDON AVENUE Ottawa $519,900 Beds: 2 Baths:2 Sq Ft:ArrayCHRIS COVENY

7158 FRANKTOWN ROAD Ottawa $850,000 Beds: Baths: Sq Ft:ArrayBILL PENG

649 - 515 ST LAURENT BOULEVARD Ottawa $2,400 Beds: 2 Baths:2 Sq Ft:ArrayNATALIE BELOVIC

220 COMPTON AVENUE Ottawa $1,195,000 Beds: Baths: Sq Ft:ArrayFLORIAN NAGELSCHMITZ

8 VISTA CRESCENT North Grenville $789,000 Beds: 5 Baths:4 Sq Ft:ArrayWENDY EMBLETON

9 DELAMERE DRIVE Ottawa $1,185,000 Beds: 4 Baths:3 Sq Ft:ArrayCHRISTINE HAUSCHILD | Sales Representative

158 LESLIE DRIVE Lanark Highlands $1,098,900 Beds: 3 Baths:2 Sq Ft:ArraySTEPHANIE MOLS

5 - 311 BLAKE BOULEVARD Ottawa $2,495 Beds: 3 Baths:1 Sq Ft:ArrayBARRY LAROCQUE

505 - 280 O'CONNOR STREET Ottawa $3,100 Beds: 2 Baths:2 Sq Ft:ArrayCHRIS EL FEGHALY

732 MISHI Ottawa $2,200 Beds: 2 Baths:2 Sq Ft:ArrayPAUL RUSHFORTH

258,260,262,264 BRONSON AVENUE Ottawa $3,599,000 Beds: Baths: Sq Ft:ArrayMARC LEDUC

716 SUMMERGAZE STREET Ottawa $725,000 Beds: 4 Baths:4 Sq Ft:ArrayJENNA SWINWOOD

689 RIVER DRIVE Lanark Highlands $599,900 Beds: 2 Baths:3 Sq Ft:ArraySHERI D'AOUST

3506 MCBEAN STREET Ottawa $574,900 Beds: 4 Baths:3 Sq Ft:ArrayHANNA BROWNE | Broker

77 FLORENCE STREET Ottawa $1,695,000 Beds: Baths: Sq Ft:ArrayJACK ANBARA

106 ARCHIE STREET Ottawa $749,000 Beds: 3 Baths:2 Sq Ft:ArrayWENDY BRUS

707 - 1140 WELLINGTON STREET W Ottawa $2,660 Beds: 2 Baths:2 Sq Ft:ArrayADAM TAGGART | Sales Representative

448 HOLLAND AVENUE Ottawa $2,550 Beds: 3 Baths:0 Sq Ft:ArrayAHMAD MOHARAM

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