184 days on Market

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

$2,180,000
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$9,362/mo

Tax Amount (2023)$16,389/yr

Days On Market184 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
184 days on market
Listing by trreb®
history photo preview21
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Property listed by SLEEPWELL REALTY GROUP LTD, Brokerage

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