Abhishek Bhateja

REALTOR®

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)
Courtesy of SLEEPWELL REALTY GROUP LTD

Listed on: May 08, 2024

On market: 204 days
Bathroom Total 1
Bedrooms Total 18
Cooling Type Central air conditioning
Heating Type Forced air
Heating Fuel Natural gas
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8044 ADAM BAKER WAY Ottawa

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Address Price Bed Bath SqFt Area Sub Area Brokerage
8044 ADAM BAKER WAY Ottawa
8044 ADAM BAKER WAY
 $1,398,000 4 4 339 FT ; 1|2 - 4.99 acres Ottawa ROYAL LEPAGE TEAM REALTY
C - 479 MOODIE DRIVE Ottawa
C - 479 MOODIE DRIVE
 $374,900 3 2 Ottawa RE/MAX AFFILIATES REALTY LTD.
28 MYRLE AVENUE Ottawa
28 MYRLE AVENUE
 $995,000 - - 175 x 100 FT ; 1|under 1/2 acre Ottawa POWER MARKETING REAL ESTATE INC.
316 GRACKLE STREET Ottawa
316 GRACKLE STREET
 $734,900 4 3 25.46 x 104.99 FT ; 0 Ottawa ROYAL LEPAGE PERFORMANCE REALTY
1509 - 179 METCALFE STREET Ottawa
1509 - 179 METCALFE STREET
 $625,000 2 2 Ottawa RE/MAX HALLMARK REALTY GROUP
506 STURNIDAE STREET Ottawa
506 STURNIDAE STREET
 $749,999 3 4 34.96 x 69.79 FT ; 0 Ottawa ROYAL LEPAGE TEAM REALTY
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Abhishek Bhateja

REALTOR®

Direct: (613) 863-3132

Email: abhishek@bhateja.ca

Royal LePage Team Realty

555 Legget Dr Tower A - Suite 101, Kanata, ON K2K 2X3

Office: 613 270-8200

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