Monica Flores

SALES REPRESENTATIVE

422/424 NELSON STREET
Ottawa, Ontario K1N7S7

$2,180,000

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. (id:25961)

LEARN MORE ABOUT THIS LISTING

CALL MONICA DIRECT AT

613-725-4121

Courtesy of SLEEPWELL REALTY GROUP LTD

Listed on: May 08, 2024

On market: 204 days
Cooling Type Central air conditioning
Heating Type Forced air
Heating Fuel Natural gas
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Address Price Bed Bath SqFt Area Sub Area Brokerage
1103 - 200 INLET Ottawa
1103 - 200 INLET
 $499,000 1 1 Ottawa GRAPE VINE REALTY INC.
1564 Scottanne Street Ottawa
1564 SCOTTANNE STREET
 $1,100,000 4 3 Ottawa Greely
604 - 309 CUMBERLAND STREET Ottawa
604 - 309 CUMBERLAND STREET
 $308,800 2 2 Ottawa ROYAL LEPAGE TEAM REALTY
303 - 203 CATHERINE STREET Ottawa
303 - 203 CATHERINE STREET
 $579,900 2 2 Ottawa BRAD J. LAMB REALTY INC.
306 - 224 LYON STREET Ottawa
306 - 224 LYON STREET
 $399,000 1 1 Ottawa HOME RUN REALTY INC.
22 STROUGHTON CRESCENT Ottawa
22 STROUGHTON CRESCENT
 $759,900 4 - 57.51 x 131.7 FT ; 1 Ottawa ENGEL & VOLKERS OTTAWA
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Monica flores

SALES REPRESENTATIVE

Direct: 613-725-4121

mflores@royallepage.ca

Royal LePage Team Realty

1723 Carling Ave,

Ottawa, ON K2A 1C8

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