Lower Town - Sandy Hill, ON K1N 7S7,422/424 NELSON ST
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Lower Town - Sandy Hill, ON K1N 7S7,422/424 NELSON ST
Lower Town - Sandy Hill, ON K1N 7S7,422/424 NELSON ST
Lower Town - Sandy Hill, ON K1N 7S7,422/424 NELSON ST
Lower Town - Sandy Hill, ON K1N 7S7,422/424 NELSON ST
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422/424 NELSON ST Lower Town - Sandy Hill, ON K1N 7S7


UPDATED:

11/25/2024 05:15 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9515118

Style Unknown

Annual Tax Amount $16,389

Tax Year 2023

Property 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.

Location

Province ON

County Ottawa

Area 4004 - Sandy Hill

Region 4004 - Sandy Hill

City Region 4004 - Sandy Hill

Rooms

Family Room No

Basement Full, Partially Finished

Interior

Interior Features Unknown

Cooling Central Air

Heat Source Gas

Exterior

Garage Unknown

Pool None

Roof Type Unknown

Total Parking Spaces 4

Building

Story 2

Unit Features Public Transit,Park

Others

Security Features Unknown

Pets Description Unknown


Listed by SLEEPWELL REALTY GROUP LTD

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422/424 NELSON ST