Colleen McBride

Sales Representative

422/424 NELSON STREET
Ottawa, Ontario K1N7S7

$2,180,000

ID# 1390444

Central air conditioning Forced air

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 PROPERTY

Courtesy of SLEEPWELL REALTY GROUP LTD

Listed on: May 08, 2024

On market: 197 days

Year Built	1902
Cooling Type	Central air conditioning
Flooring Type	Laminate, Tile
Heating Type	Forced air
Heating Fuel	Natural gas
Stories Total	2

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TESTIMONIALS

What Colleen's clients are saying...

"I have worked with Colleen for years and she has sold countless properties for us. She always offers sage advice preparing a house for sale and has a proven ability to negotiate and close the deal in a timely manner. Her professionalism is beyond reproach and she is truly a pleasure to work with.."

ANDREW seller

read more

Get In Touch

Colleen & Connor McBride

Realtors

(613) 291-9909 - Colleen

(613) 808-9895 - Connor

Colleen.mcbride99@gmail.com

connormcbride007@gmail.com

RE/MAX Hallmark® Realty Group

Brokerage, Independently Owned & Operated

610 Bronson Ave

Ottawa, Ontario K1S 4E6

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422/424 NELSON STREET Ottawa, Ontario K1N7S7

Central air conditioning Forced air

YOU MIGHT ALSO LIKE THESE LISTINGS

427 VICTORIA STREET Cardinal $349,900 Beds: Baths: Sq Ft:ArrayMELISSA EVELAND

1284 BEN ROYAL AVENUE Greely $698,000 Beds: 3 Baths:2 Sq Ft:ArrayTania Kohl

225 CITIPLACE DRIVE UNITA Ottawa $369,900 Beds: 2 Baths:2 Sq Ft:ArrayMike Scerbo

7 WESTPARK DRIVE Ottawa $699,900 Beds: 5 Baths:2 Sq Ft:ArrayPierre Leduc

2300 ELMIRA DRIVE Ottawa $979,900 Beds: 8 Baths:6 Sq Ft:ArrayElliot Mould

37 JETTY DRIVE Manotick $1,299,900 Beds: 5 Baths:5 Sq Ft:ArrayTodd McLaughlin

220 POWELL AVENUE UNIT3 Ottawa $1,550 Beds: 1 Baths:1 Sq Ft:ArrayXiaoli (Lily) Hu

269 MICHEL CIRCLE Ottawa $684,900 Beds: 5 Baths:3 Sq Ft:ArrayNancy Wright

1340 AURELE STREET Ottawa $589,900 Beds: 3 Baths:3 Sq Ft:ArrayLan Latorre

2 KITTANSETT COURT Ottawa $624,900 Beds: 2 Baths:2 Sq Ft:ArrayMike Scerbo

54 LAPOINTE BOULEVARD Embrun $724,900 Beds: 3 Baths:3 Sq Ft:ArrayJessica Fournier

656 PARADE DRIVE Ottawa $3,100 Beds: 3 Baths:3 Sq Ft:ArrayLei Guo | Broker

1112 RICHARD AVENUE UNIT3 Ottawa $1,900 Beds: 2 Baths:1 Sq Ft:ArrayKeon Shariatmadar

69 CARILLON STREET Ottawa $3,800 Beds: 4 Baths:3 Sq Ft:ArrayBarry Larocque

835 MONTREAL ROAD UNITB Ottawa $2,400 Beds: 2 Baths:1 Sq Ft:ArrayHamid Riahi

326 FLORA STREET UNIT3 Ottawa $1,950 Beds: 1 Baths:1 Sq Ft:ArrayJoseph Azzi

25 OAKVIEW AVENUE Ottawa $749,900 Beds: 5 Baths:2 Sq Ft:ArrayMegan Stagg

11 MELROSE AVENUE Ottawa $750,000 Beds: 3 Baths:2 Sq Ft:ArrayAyn MacDonald

10 JAMES STREET UNIT210 Ottawa $2,200 Beds: 1 Baths:1 Sq Ft:ArrayBen Stelmach

394 MEYNELL ROAD Richmond $3,500 Beds: 4 Baths:5 Sq Ft:ArrayRachel Herrndorf

224 PEMBINA PRIVATE Ottawa $449,900 Beds: 2 Baths:1 Sq Ft:ArrayAdam Mills

128 FLORA STREET Ottawa $1,099,900 Beds: Baths: Sq Ft:ArrayMarcus Noel

476 JAMES STREET W Prescott $439,900 Beds: 5 Baths:3 Sq Ft:ArrayMarc Andre Sarazin

242 RIDEAU STREET UNIT807 Ottawa $1,950 Beds: 1 Baths:1 Sq Ft:ArrayMarnie Bennett

4257 APPLETON SIDE ROAD Almonte $699,000 Beds: 4 Baths:3 Sq Ft:ArrayDaniel (Dan) Falco | Sales Representative