466 NELSON Street, Lower Town - Sandy Hill | Image 1

466 NELSON Street

Lower Town - Sandy Hill, 4004 - Sandy Hill

  • Commercial

$2,500,000
For Sale

Added 9 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: Residential

  • Age: No Data

  • Taxes: 17889

  • MLS®#: X9516448

  • Days on Site: 272 Days

  • Added: Jun 13, 2024 (9 months ago)

  • Updated:

  • Last Checked: 1 week ago

  • Listed By: EXP REALTY

A great investment opportunity is available in the heart of Ottawa with this five-unit building. Units 1-3 are spacious four bedrooms, unit 4 is a 3-bed unit and the penthouse features 2 bedroom all with in-unit laundry while unit offering convenience for all tenants. The building is fully occupied and includes 1 parking space. Situated close to Rideau Centre, the University of Ottawa, parks, and numerous attractions, this property is in one of the best rental areas in the city. Don't miss out on this chance to invest in a property that promises excellent returns in a prime location. 48 Hours notice for all showings & 48 hour irrevocable on all offers. **EXTRAS** Other in expenses are HWT Rental, Snow, garbage & lawn care. See attached for complete income and expenses. Capital expenditure statement will be provided upon request. Maintenance amount on MLS is estimated at 5% of income.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 115953

  • Area: Lower Town - Sandy Hill

  • Community: 4004 - Sandy Hill

  • Availability Date: TBD

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 1

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 32, PL 45224 , W/S NELSON ST ; OTTAWA/NEPEAN CITY OF OTTAWA

  • Taxes: $17,889

  • Expenses: Act

  • Management Expense: 7975

  • Insurance Fee: 5793

  • Operating Fees: 56689

  • Hydro Expense: 5159

  • Heat Expenses: 5486

  • Other Expenses: 4702

  • Taxes Type: Annual

  • Taxes: 17889

  • Tax Year: 2024

  • Water Fees: 1113

Land

  • Cross Street: From Queensway, Take

  • Municipality District: Lower Town - Sandy Hill

  • Parcel Number: 042050034

  • Sewer: Sanitary

  • Lot Depth: 50.58 Feet

  • Lot Frontage: 20 Feet

  • Zoning: Residential

Commercial Specific

  • Total Area Metric: Sq Ft

  • Gross Income/Sales: 172643

Map of 466 NELSON Street, Lower Town - Sandy Hill
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