422/424 NELSON STREET
Ottawa, Ontario K1N7S7

$2,180,000

ID# 1390444

Central air conditioning Forced air

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: 197 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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Cheryl Jones, Sales Representative - Direct: 613.265.7566 – Office: 613.692.2555 – cheryljones@royallepage.ca

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422/424 NELSON STREET Ottawa, Ontario K1N7S7

Central air conditioning Forced air

YOU MIGHT ALSO LIKE THESE LISTINGS

111 CHAMPAGNE AVENUE S UNIT307 Ottawa $654,900 Beds: 2 Baths:2 Sq Ft:ArrayJim Mattice

315 TERRAVITA PRIVATE UNIT308 Ottawa $369,900 Beds: 2 Baths:1 Sq Ft:ArrayMarnie Bennett

197 BOUNDARY ROAD Plantagenet $2,199,000 Beds: 4 Baths:2 Sq Ft:ArrayRoch St-Georges

33 DURHAM PRIVATE Ottawa $1,769,000 Beds: 5 Baths:4 Sq Ft:ArrayCharles Sezlik | Sales Representative

229 DARQUISE STREET Rockland $551,070 Beds: 3 Baths:3 Sq Ft:ArrayPaul Rushforth

1700 LAKESHORE DRIVE Greely $1,589,900 Beds: 3 Baths:3 Sq Ft:ArrayCaroline Risi

144 RIDGEMONT DRIVE Ashton $1,289,000 Beds: 5 Baths:4 Sq Ft:ArrayJohn Spagnoli | Sales Representative

875 CORKTOWN ROAD Merrickville $1,364,900 Beds: 3 Baths:2 Sq Ft:ArrayBrianna Larose

203 CATHERINE STREET UNIT908 Ottawa $669,900 Beds: 2 Baths:2 Sq Ft:ArrayAdam Mills

2103 ESPRIT DRIVE Ottawa $829,900 Beds: 4 Baths:3 Sq Ft:ArrayMichael Schurter

3 CLYDE STREET Perth $524,900 Beds: 3 Baths:2 Sq Ft:ArrayJOHNNY BOLES

340 QUEEN STREET UNIT811 Ottawa $2,100 Beds: 1 Baths:1 Sq Ft:ArraySonya Crites

189 CONSERVANCY DRIVE Nepean $3,200 Beds: 4 Baths:4 Sq Ft:ArrayJai Patel

470 BRIGATINE AVENUE Ottawa $828,955 Beds: 4 Baths:4 Sq Ft:ArrayTarek El Attar

408 GOLDEN SPRINGS DRIVE Ottawa $1,150,000 Beds: 4 Baths:4 Sq Ft:ArrayJaclyn Beaudoin

495 ST PATRICK STREET Ottawa $549,900 Beds: 3 Baths:1 Sq Ft:ArrayElizabeth Stewart | Sales Representative

450 BIG HORN WAY Arnprior $874,900 Beds: 3 Baths:2 Sq Ft:ArrayLouise Gour | Broker

5818 QUEENSCOURT CRESCENT Ottawa $3,698,880 Beds: 5 Baths:5 Sq Ft:ArrayChristopher Lacharity

52 CIVIC PLACE Ottawa $4,000,000 Beds: 3 Baths:5 Sq Ft:ArrayHaley Robinson

3194 STOCKTON DRIVE Gloucester $379,000 Beds: 3 Baths:2 Sq Ft:ArrayHamid Riahi

195 BESSERER STREET UNIT2701 Ottawa $7,500 Beds: 2 Baths:2 Sq Ft:ArrayHaley Robinson

123 TRAIL SIDE CIRCLE Ottawa $869,900 Beds: 4 Baths:3 Sq Ft:ArraySally Babbitt

1502 SOUTH LAVANT ROAD Lanark Highlands $779,900 Beds: 4 Baths:2 Sq Ft:ArrayJOHNNY BOLES

26 RAILWAY STREET Perth $395,000 Beds: 2 Baths:1 Sq Ft:ArrayDEMI KLOCK

411 PICKEREL BAY ROAD White Lake $1,590,000 Beds: 12 Baths:7 Sq Ft:ArrayPaul Czan