197 days on Market

422/424 NELSON St, Lower Town - Sandy Hill, Ontario K1N 7S7

$2,180,000
Get pre-approvedPowered by Rocket Mortgage
Buy with Wahi to get
Up to
$10,900Cashback
Townhouse
-
-
- sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$9,362/mo

Tax Amount (2023)$16,389/yr

Days On Market197 days


Description

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

Style-
View-
Age of property-
SqFt-
Lot Size4,040 SqFt(101.14 x 39.95)
Parking Spaces4
MLS ®NumberX9515118
Community NameSandy Hill - Ottawa East
Data SourceTRREB

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Part Fin

Features

Lot size: 4,040 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Now
ListedFor Salefor$2,180,000Active
197 days on market
Listing by trreb®
history photo preview21
Sign Up

Have an account?Log In

Property listed by SLEEPWELL REALTY GROUP LTD, Brokerage

Get up to 0.5% cashback when you buy your dream home with Wahi Cashback

Cashback Banner Image

A new way to buy a home that puts cash back in your pocket.

  • Our in-house Realtors do more deals and bring that negotiating power into your corner
  • We leverage technology to get you more insights, move faster and simplify the process
  • Our digital business model means we pass the savings onto you, with up to 0.5% cashback on the purchase of your home

Schools and amenities

Estimated Budget