$2,180,000
Available - For Sale
Listing ID: X9515118
422/424 NELSON St , Lower Town - Sandy Hill, K1N 7S7, Ontario
| 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. |
| Price | $2,180,000 |
| Taxes: | $16389.00 |
| Address: | 422/424 NELSON St , Lower Town - Sandy Hill, K1N 7S7, Ontario |
| Lot Size: | 39.95 x 101.14 (Feet) |
| Directions/Cross Streets: | From King Edward head East on Somerset St E or Osgoode St. Located on Nelson St in between Somerset |
| Rooms: | 0 |
| Rooms +: | 0 |
| Kitchens: | 0 |
| Kitchens +: | 0 |
| Family Room: | N |
| Basement: | Full, Part Fin |
| Property Type: | Fourplex |
| Exterior: | Brick, Other |
| Garage Type: | Public |
| Pool: | None |
| Property Features: | Park, Public Transit |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Gas: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SLEEPWELL REALTY GROUP LTD |
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|
Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4004 - Sandy Hill |
| Lot Size: | 39.95 x 101.14(Feet) |
| Tax: | $16,389 |
| Pool: | None |
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