A great investment opportunity is available in the heart of Ottawa with this four-unit building. Building features 2 spacious five bedrooms units , one 4 bedroom and one six bedroom unit all featuring in-unit laundry, offering convenience for all tenants. The building is fully occupied and includes one 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** Gross Income: ($182,254.23) Yearly Expenses: ($65,293.51) Net Income: ($116,960.72). Other in expenses are Snow, garbage & lawn care. See attached for income/expenses. Maintenance amount is estimated at 5% of income.
460 NELSON Street
4004 - Sandy Hill, Lower Town - Sandy Hill, Ottawa $2,500,000Make an offer
13+4 Beds
8 Baths
< 700 sqft
Parking for 1
South Facing
Zoning: Residantial
- MLS®#:
- X9516447
- Property Type:
- Fourplex
- Property Style:
- Unknown
- Area:
- Ottawa
- Community:
- 4004 - Sandy Hill
- Taxes:
- $20,882 / 2024
- Added:
- June 14 2024
- Lot Frontage:
- 45.81
- Lot Depth:
- 101.21
- Status:
- Active
- Outside:
- Vinyl Siding,Stucco (Plaster)
- Year Built:
- 6-15
- Basement:
- Full,Finished
- Brokerage:
- EXP REALTY
- Lot (Feet):
-
101
45
- Lot Irregularities:
- 0
- Intersection:
- Take Queensway to Kind Edward, Marc Ave. Turn Right on Templeton then left on Nelson St
- Rooms:
- 0
- Bedrooms:
- 13+4
- Bathrooms:
- 8
- Fireplace:
- N
- Utilities
- Water:
- Municipal
- Cooling:
- Central Air
- Heating Type:
- Forced Air
- Heating Fuel:
- Gas
Listing Details
Insights
- Strong Rental Income Potential: The property generates a net income of approximately $116,960.72 annually, making it an attractive investment for buyers seeking positive cash flow.
- Prime Location: Located in Lower Town - Sandy Hill, the property is close to the University of Ottawa, Rideau Centre, and various parks, ensuring high demand from tenants and potential for appreciation.
- Spacious Units: The four-unit building includes two five-bedroom units, one four-bedroom unit, and one six-bedroom unit, catering to larger groups and families, which can attract higher rental rates.
Sale/Lease History of 460 NELSON Street
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Schools, amenities, travel times, and market trends near 460 NELSON Street
4004 - Sandy Hill home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in 4004 - Sandy Hill
Insights for 460 NELSON Street
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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
