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422 Nelson St

Nelson St, Old City, Ottawa, ON, K1N 7S7

18
Beds
1
Baths
-
$XXX,XXX
Details
Photos
21
Comparables
History
422 Nelson St, Ottawa, ON - 1 of 3
Sold Listing
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422 Nelson St, Ottawa, ON - 2 of 3
422 Nelson St, Ottawa, ON - 3 of 3

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...

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.

Property Details

Size

Sq. Ft. Not Available
18 Beds
9 Above Grade - 9 Below Grade
1 Bath

Parking

4 Parking Spaces
-

Lot

Size
39′11″ * 101′1″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Partially Finished, Full
Exterior
Brick, Other
Foundation
Concrete
Builder Name
-
Stories
-
Flooring
-
Roof
Unknown

Heating & Cooling

Heating
Forced Air
Cooling
Central Air

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$16,389

Source

Listing Brokerage

MLS® Listing
X9515118
Last Updated
January 31, 2025
Brokerage
SLEEPWELL REALTY GROUP LTD
Call us 800-591-0566

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