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$2,180,000
Available - For Sale
Listing ID: X9515118
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: $16,389
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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SLEEPWELL REALTY GROUP LTD

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


 
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Type: Freehold - Fourplex
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4004 - Sandy Hill
Style:
Lot Size: 39.95 x 101.14(Feet)
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Tax: $16,389
Maintenance Fee: $0
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