422/424 NELSON Street, Lower Town - Sandy Hill | Image 1

422/424 NELSON Street

Lower Town - Sandy Hill, 4004 - Sandy Hill

  • - bed - bath
$X,XXX,XXX Listed: $X,XXX,XXX
Sold

Sold on Jan 23, 2025

Note: Property is not currently for sale or for rent.

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  • Type: Fourplex

  • Lot Size: 39.95 x 101.14 Feet

  • Age: No Data

  • Taxes: $16,389 per year

  • Days on Site: 260 Days

  • Added: May 07, 2024 (8 months on market)

  • Updated:

  • Last Checked: 4 hours ago

  • MLS®#: X9515118

  • Listed By: Sleepwell realty group ltd

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.

Status

  • Days on Market: 260

  • Last Status: Sold

  • Sold Date: Jan 23, 2025

  • Closed Date: Feb 06, 2025

  • Expiry Date: Nov 30, 2024

  • Sold Price: $2,065,000

  • Unavailable Date: Dec 01, 2024

  • Input Date: May 08, 2024

Property

  • Status: Sale

  • Property Type: Fourplex

  • Area: Lower Town - Sandy Hill

  • Community: 4004 - Sandy Hill

  • Availability Date: TBD

Inside

  • Bedrooms: 9

  • Bedrooms Plus: 9

  • Bathrooms: 1

  • Den/Family Room: No

  • Air Conditioning: Central Air

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 1

Utilities

  • Gas: Yes

Building

  • Basement: Full

  • Basement 2: Part Fin

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Other

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Garage Type: None

  • Covered Parking Spaces: 2

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 18, PL 37221 , W/S NELSON ST, S/T & T/W CR620125 ; OTTAWA/NEP

  • Taxes: $16,389

Highlights

  • Feature: Park

  • Feature: Public Transit

Land

  • Cross Street: From King Edward hea

  • Municipality District: Lower Town - Sandy Hill

  • Fronting On: West

  • Parcel Number: 042090142

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 101.14 Feet

  • Lot Frontage: 39.95 Feet

  • Zoning: RES

Additional Media

  • Virtual Tour: https://422nelson.com/
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Walker's Paradise

  • Daily errands do not require a car.
95 /100

Excellent Transit

  • Most errands can be accomplished by public transportation.
86 /100

Biker's Paradise

  • Daily errands do not require a car.
97 /100
Map of 422/424 NELSON Street, Lower Town - Sandy Hill
JK-6

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Viscount Alexander Public School

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York Street Public School

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Lady Evelyn Alternative School

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Pre-Grade 9-12

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