Added 6 months ago
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Type: Fourplex
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Lot Size: 39.95 x 101.14 Feet
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Age: No Data
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Taxes: $16,389 per year
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Days on Site: 197 Days
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Added: May 07, 2024 (6 months ago)
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Updated:
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Last Checked: 7 hours ago
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MLS®#: X9515118
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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.
Upcoming Open Houses
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Property
Status: Sale
Property Type: Fourplex
Area: Lower Town - Sandy Hill
Community: 4004 - Sandy Hill
Availability Date: TBD
Inside
Den/Family Room: No
Air Conditioning: Central Air
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: Public
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/
Walker's Paradise
- Daily errands do not require a car.
Excellent Transit
- Most errands can be accomplished by public transportation.
Biker's Paradise
- Daily errands do not require a car.
- — bath
- — bed
976 ST LAURENT Boulevard, Overbook - Castleheights and Area, Ontario • K1K 3B3
École élémentaire catholique Au Coeur d'Ottawa
Elementary: CatholicViscount Alexander Public School
Elementary: PublicÉcole élémentaire catholique Sainte-Anne
Elementary: CatholicYork Street Public School
Elementary: PublicLady Evelyn Alternative School
Elementary: PublicÉcole élémentaire publique Francojeunesse
Elementary: PublicUrban Aboriginal Alternate High School
Secondary: PublicRichard Pfaff Secondary Alternate Site
Secondary: PublicImmaculata High School
Secondary: CatholicÉcole secondaire publique De La Salle
Secondary: PublicLisgar Collegiate Institute
Secondary: PublicGlebe Collegiate Institute
Secondary: Public-
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