Office: 613.592.6400

Direct: 613.324.5472

422/424 NELSON STREET
Ottawa, Ontario K1N7S7

$2,250,000

ID# 1390444

Central air conditioning Forced air

Fantastic 6.1% CAP 4plex with opportunity to increase cashflow by approx. $33K 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 suites are tenanted on 1 master lease and not rented by the room. 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 neighbourhood. 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:43993)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of SLEEPWELL REALTY GROUP LTD

Listed on: May 08, 2024

On market: 54 days

Year Built	1902
Cooling Type	Central air conditioning
Flooring Type	Laminate, Tile
Heating Type	Forced air
Heating Fuel	Natural gas
Stories Total	2

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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

Central air conditioning Forced air

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763 SAMANTHA EASTOP AVENUE Ottawa $1,099,000 Beds: 4 Baths:3 Sq Ft:ArrayLisa Fitzpatrick | Sales Representative

2755 COUNTY RD 1 ROAD Mountain $699,000 Beds: 4 Baths:3 Sq Ft:ArrayNatalie Sobhie

72 OTTERIDGE DRIVE Renfrew $799,900 Beds: 4 Baths:3 Sq Ft:ArrayBrenden Scott

955-957 VICTORIA STREET L'Orignal $475,000 Beds: Baths: Sq Ft:Eric Longpre

408-410 ALLEN BOULEVARD Ottawa $849,900 Beds: Baths: Sq Ft:ArrayEric Longpre

805 CARLING AVENUE UNIT3206 Ottawa $655,000 Beds: 1 Baths:1 Sq Ft:Yanping Mai

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1736 CAMINITI CRESCENT Orleans $869,900 Beds: 4 Baths:4 Sq Ft:ArraySteve Brunet

21 THUR STREET Golden Lake $449,900 Beds: 4 Baths:1 Sq Ft:ArrayDan Vodenicar

383 CUMBERLAND STREET UNIT405 Ottawa $299,000 Beds: 1 Baths:1 Sq Ft:ArrayPatricia Howell

203 CATHERINE STREET UNIT1501 Ottawa $2,600 Beds: 2 Baths:1 Sq Ft:ArrayCharles Cheang

140 CECELIA STREET Pembroke $419,900 Beds: 5 Baths:2 Sq Ft:ArrayKevin Hickey

132 OLD MINE ROAD Perth $875,000 Beds: 3 Baths:2 Sq Ft:ArrayScott Moore

224 LYON STREET UNIT1014 Ottawa $1,800 Beds: 0 Baths:1 Sq Ft:ArrayPaul Czan

834 STORYLAND ROAD Horton $750,000 Beds: 3 Baths:2 Sq Ft:ArrayPaul Lavictoire

24 DOLLARD STREET Embrun $629,900 Beds: 4 Baths:2 Sq Ft:ArrayJ.F. Perras

1527 DELIA CRESCENT Orleans $699,900 Beds: 6 Baths:3 Sq Ft:ArrayLiam Swords

113 ROMINA STREET Ottawa $579,900 Beds: 3 Baths:2 Sq Ft:ArrayRoseli Quarti

924 LEISHMAN DRIVE Almonte $889,900 Beds: 4 Baths:4 Sq Ft:ArrayJoanne Beaton

15 FINDLAY AVENUE UNIT206 Carleton Place $314,800 Beds: 2 Baths:1 Sq Ft:ArrayLynn Vardy

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