Fantastic 6.1% CAP 4plex with opportunity to increase cashflow by approx. $33K 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 suites are tenanted on 1 master lease and not rented by the room. 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 neighbourhood. 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:55598)
- MLS® 1390444
- Date Listed05/08/2024
- Days on Realty 103 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Subdivision Sandy Hill
- Property Type Quadruplex
- Year Built 1902
- Water Public
Interior Features
- Flooring Laminate, Tile
- Cooling Central Air Conditioning
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
Points of interest near 422/424 NELSON STREET, Ottawa, ON K1N7S7
Nearby Properties
-
![Photo of 466 NELSON STREET]()
$2,500,000 Active0 bds • 0 ba • 0 sqft
466 NELSON STREET, Ottawa, ON K1N7S8
A great investment opportunity is available in the heart of Ottawa with this five-unit building. Each spacious unit features four bedrooms and in-unit laundry, offering convenience for all tenants. The building is fully occupied and includes three pa... -
![Photo of 460 NELSON STREET]()
$2,500,000 Active0 bds • 0 ba • 0 sqft
460 NELSON STREET, Ottawa, ON K1N7S8
A great investment opportunity is available in the heart of Ottawa with this four-unit building. Each spacious unit features four bedrooms and one six bedroom unit all featuring in-unit laundry, offering convenience for all tenants. The building is f... -
![Photo of 327 SOMERSET STREET E]()
$1,999,900 Active0 bds • 0 ba • 0 sqft
327 SOMERSET STREET E, Ottawa, ON K1N6W4
Seize this RARE opportunity to snag a lucrative, centrally-located & TURNKEY investment property in the heart of popular Sandy Hill. Proceed w/ the fully-occupied 6+1-unit building or explore the potential offered by the existing R4UB zoning & the Ci... -
![Photo of 10 CHESTNUT STREET]()
$2,285,000 Active0 bds • 0 ba • 0 sqft
10 CHESTNUT STREET, Ottawa, ON K1S0Z8
10 Chestnut St, a gem of a property in Old Ottawa East, incredibly fully furnished AAA newer PURPOSE BUILT 3 UNIT + In Law Suite building in one Ottawa's most desirable locations. Not a single element overlooked in this property, Brazilian granite co... -
![Photo of 10 CHESTNUT STREET]()
$2,285,000 Active6 bds • 7 ba • 0 sqft
10 CHESTNUT STREET, Ottawa, ON K1S0Z8
10 Chestnut St, a gem of a property in Old Ottawa East, incredibly fully furnished AAA newer PURPOSE BUILT 3 UNIT + In Law Suite building in one Ottawa's most desirable locations. Not a single element overlooked in this property, Brazilian granite co... -
![Photo of 168-174 MURRAY STREET]()
$2,395,000 Active0 bds • 0 ba • 0 sqft
168-174 MURRAY STREET, Ottawa, ON K1N5M8
Step into the heart of downtown Ottawa and envision the potential of 168-174 Murray Street. This prime location is the canvas for an exciting project: a 20-unit apartment complex boasting a mix of spacious 3-bedroom, cozy 2-bedroom, and chic 1-bedroo... -
![Photo of 301 METCALFE STREET]()
$2,400,000 Active0 bds • 0 ba • 0 sqft
301 METCALFE STREET, Ottawa, ON K2P1R9
Exquisite Heritage Building with above average brick work and wood trim details. Prime Prestigious Central Location next to and across embassies including Hungary and Nigeria. Currently, 14 of 16 invidually leased offices leased to mostly psychologis... -
![Photo of 232 ST PATRICK STREET]()
$1,999,000 Active0 bds • 0 ba • 0 sqft
232 ST PATRICK STREET, Ottawa, ON K1N5K3
An attractive 6-unit building consisting of 3 commercial spaces & 3 residential units. The beauty salon business is also included as a bonus as the seller/owner is retiring. A viable business since 1979. It has 1, 073 SF & market rent of $5000/mth gr... -
![Photo of 23 ST ANDREW STREET]()
$1,998,000 Active0 bds • 0 ba • 0 sqft
23 ST ANDREW STREET, Ottawa, ON K1N5E8
This 66x100 foot lot has loads of potential in a desirable area. The property is 17, 19, 21 & 23 St. Andrew. (id:55598) -
![Photo of 39-41 LAVAL STREET]()
$2,098,800 Active0 bds • 0 ba • 0 sqft
39-41 LAVAL STREET, Ottawa, ON K1L7Z7
Absolutely stunning front 4 PLEX in Beechwood! Modern design meets functionality in this low maintenance turn key property. Upper 3 bed 2 1/2 bath units provide an open concept floor plan surrounded by windows allowing natural light to flow through.... -
![Photo of 455/457 SOMERSET STREET W]()
$2,500,000 Active0 bds • 0 ba • 0 sqft
455/457 SOMERSET STREET W, Ottawa, ON K1R5J7
Current NOI: $106, 451 with amazing potential that you can easily unlock with transient tenants. Opportunity to renovate 5 of 6 suites and unlock the properties true potential. Welcome to 455/457 Somerset an exceptional investment opportunity offerin... -
![Photo of 142/144 MONTFORT STREET]()
$2,275,000 Active0 bds • 0 ba • 0 sqft
142/144 MONTFORT STREET, Ottawa, ON K1L5P6
This is a beautiful purpose-built 4-plex. Its gross income is over $120, 000 per year. It is less than two years old, so it will require very little maintenance and will not require any capital expense for some time. Quality finishes throughout inclu... -
![Photo of 296 PRESLAND STREET]()
$2,095,000 Active0 bds • 0 ba • 0 sqft
296 PRESLAND STREET, Ottawa, ON K1K2B8
Spectacular, newly built and well-situated Fourplex! Currently grossing $9, 400/month ($112, 800/annual) of income, this luxurious purpose-built investment property consists of two 3 bedroom and two 1 bedroom units, all boasting 9ft ceilings and equi... -
![Photo of 366 BRANT STREET]()
$1,999,000 Active0 bds • 0 ba • 0 sqft
366 BRANT STREET, Ottawa, ON K1L6V6
Welcome to 366 Brant Street! Professionally managed 10 unit stabilized property surrounded by mature trees and green space, and is located in a peaceful neighborhood. Located just east of the city center, the property is in close proximity to Highway... -
![Photo of 161 MAPLE LANE]()
$2,298,800 Active4 bds • 4 ba • 0 sqft
161 MAPLE LANE, Ottawa, ON K1M1G4
Discover this exquisite 4 bed, 4 bath home in Rockcliffe Park's prestigious Old Village. Nestled in a historic setting, this residence offers modern luxury & timeless charm. Step inside to find a bright & spacious layout perfect for family living & e... -
![Photo of 289 CLEMOW AVENUE]()
$2,249,000 Active7 bds • 4 ba • 0 sqft
289 CLEMOW AVENUE, Ottawa, ON K1S2B7
Situated in the historic Glebe neighbourhood, this captivating three-storey detached home seamlessly combines modern comforts with timeless charm. The main floor features a contemporary kitchen with sleek appliances and ample counter space, complemen... -
![Photo of 196 POWELL AVENUE]()
$2,500,000 Active0 bds • 0 ba • 0 sqft
196 POWELL AVENUE, Ottawa, ON K1S2A5
If you’re looking for a turnkey investment in one of Ottawa's most prestigious rental markets then this Glebe property is the one for you. Incredible live in-investment. The tastefully updated 3 unit building has an incredible balance between square... -
![Photo of 290 CLEMOW AVENUE]()
$2,098,000 Active6 bds • 3 ba • 0 sqft
290 CLEMOW AVENUE, Ottawa, ON K1S2B8
Captivating Glebe home in a quiet locale on prestigious Clemow Avenue! Rarely offered, lovingly maintained, first time to market in over 40 years. This one is special, an exceptional home that is spacious, elegant and has beautifully appointed space.... -
![Photo of 169 HOLMWOOD AVENUE]()
$2,000,000 Active0 bds • 0 ba • 0 sqft
169 HOLMWOOD AVENUE, Ottawa, ON K1S2P3
Located in the beautiful and historic neighborhood of the Glebe. A short 3- minute drive to Carleton University and a 3- minute walk to Lansdowne Park. This building is a legally zoned Triplex with an additional unit in the basement and 1 parking spa...
Similar Priced Comparison
-
![Photo of 466 NELSON STREET]()
$2,500,000 Activebds • 0 ba • 0 sqft
466 NELSON STREET
- Same size
- Unknown size
- Newer by 111 years
-
![Photo of 460 NELSON STREET]()
$2,500,000 Activebds • 0 ba • 0 sqft
460 NELSON STREET
- Same size
- Unknown size
- Newer by 112 years
-
![Photo of 458 NELSON STREET]()
$2,650,000 Activebds • 0 ba • 0 sqft
458 NELSON STREET
- Same size
- Unknown size
- Newer by 111 years
-
![Photo of 327 SOMERSET STREET E]()
$1,999,900 Activebds • 0 ba • 0 sqft
327 SOMERSET STREET E
- Same size
- Unknown size
- Same age
-
![Photo of 14 SOMERSET STREET W]()
$1,825,000 Activebds • 0 ba • 0 sqft
14 SOMERSET STREET W
- Same size
- Unknown size
- Unknown year built
-
![Photo of 119 DALY AVENUE]()
$2,800,000 Activebds • 0 ba • 0 sqft
119 DALY AVENUE
- Same size
- Unknown size
- Older by 35 years
-
![Photo of 95/97 CONCORD STREET N]()
$1,800,000 Activebds • 0 ba • 0 sqft
95/97 CONCORD STREET N
- Same size
- Unknown size
- Older by 25 years
-
![Photo of 97 MCLAREN STREET]()
$1,795,000 Activebds • 0 ba • 0 sqft
97 MCLAREN STREET
- Same size
- Unknown size
- Older by 2 years
-
![Photo of 508 RIDEAU STREET]()
$1,795,000 Active3 bds • 4 ba • 0 sqft
508 RIDEAU STREET
- Same size
- Unknown size
- Unknown year built
-
![Photo of 508 RIDEAU STREET]()
$1,795,000 Activebds • 0 ba • 1700 sqft
508 RIDEAU STREET
- Home larger by 1,700 sqft
- Unknown size
- Newer by 28 years
-
![Photo of 66 DELAWARE AVENUE]()
$1,699,000 Activebds • 0 ba • 0 sqft
66 DELAWARE AVENUE
- Same size
- Unknown size
- Newer by 3 years
-
![Photo of 69-71 DONALD STREET]()
$2,780,000 Activebds • 0 ba • 0 sqft
69-71 DONALD STREET
- Same size
- Unknown size
- Newer by 114 years
-
![Photo of 52 ONTARIO STREET]()
$1,875,000 Activebds • 0 ba • 0 sqft
52 ONTARIO STREET
- Same size
- Unknown size
- Newer by 116 years
-
![Photo of 10 CHESTNUT STREET]()
$2,285,000 Activebds • 0 ba • 0 sqft
10 CHESTNUT STREET
- Same size
- Unknown size
- Newer by 113 years
-
![Photo of 10 CHESTNUT STREET]()
$2,285,000 Active6 bds • 7 ba • 0 sqft
10 CHESTNUT STREET
- Same size
- Unknown size
- Newer by 113 years
-
![Photo of 168-174 MURRAY STREET]()
$2,395,000 Activebds • 0 ba • 6996 sqft
168-174 MURRAY STREET
- Home larger by 6,996 sqft
- Unknown size
- Unknown year built
-
![Photo of 168-174 MURRAY STREET]()
$2,395,000 Activebds • 0 ba • 0 sqft
168-174 MURRAY STREET
- Same size
- Unknown size
- Unknown year built
-
![Photo of 301 METCALFE STREET]()
$2,400,000 Activebds • 0 ba • 0 sqft
301 METCALFE STREET
- Same size
- Unknown size
- Older by 13 years
-
![Photo of 93-95 LOWER CHARLOTTE STREET]()
$1,850,000 Activebds • 0 ba • 0 sqft
93-95 LOWER CHARLOTTE STREET
- Same size
- Unknown size
- Newer by 5 years
Nearby Locations
Communities
- Glebe Homes For Sale
- West Centertown Homes For Sale
- Centretown Homes For Sale
- Ottawa South Homes For Sale
- Hintonburg Homes For Sale
- Ottawa East Homes For Sale
- Greenbelt Homes For Sale
- Civic Hospital Homes For Sale
- Sandy Hill Homes For Sale
- Byward Market Homes For Sale
- Carleton Heights Homes For Sale
- Lowertown Homes For Sale
- Billings Bridge Homes For Sale
- Carlington Homes For Sale
- Lindenlea Homes For Sale
- Island Park Homes For Sale
- Westboro Homes For Sale
- Overbrook Homes For Sale
- Vanier Homes For Sale
- Rockcliffe Homes For Sale
Nearby Cities
- Ottawa, ON Homes for Sale
- Rockcliffe Park, ON Homes for Sale
- Bells Corners, ON Homes for Sale
- Manotick, ON Homes for Sale
- Orleans, ON Homes for Sale
- Kanata, ON Homes for Sale
- Richmond, ON Homes for Sale
- Stittsville, ON Homes for Sale
- North Gower, ON Homes for Sale
- Osgoode, ON Homes for Sale
- Navan, ON Homes for Sale
- Metcalfe, ON Homes for Sale
- Cumberland, ON Homes for Sale
- Carp, ON Homes for Sale
- Vars, ON Homes for Sale
- Russell, ON Homes for Sale
- Kemptville, ON Homes for Sale
- Constance Bay, ON Homes for Sale
- Ashton, ON Homes for Sale
- Mountain, ON Homes for Sale
Similar Searches
- Ottawa Land for Sale
- Ottawa New Homes for Sale
- Ottawa Single Story Homes for Sale
- Ottawa Homes with Pools for Sale
- Ottawa Cheap Homes for Sale
- Ottawa Luxury Homes for Sale
- Ottawa Condos for Sale
- Ottawa Town Homes for Sale
- Ottawa Commercial for Sale
- Ottawa Open Houses for Sale
- Ottawa Two Car Garage Homes for Sale
- Ottawa Large Lots for Sale
- National Listings
- National Home Values
- Properties in ON
- Home Values in ON
- Home Values in Ottawa, ON
Frequently Asked Questions for 422/424 NELSON STREET
Source: Realty.com
422/424 NELSON STREET, Ottawa, ON K1N7S7 is a Quadruplex, Residential Income property listed for $2,250,000 The property is 0 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 15 photos of 422/424 NELSON STREET.
Our records indicate that 422/424 NELSON STREET was built in 1902.
The full address for this home is 422/424 NELSON STREET, Ottawa, ON K1N7S7.
422/424 NELSON STREET has been listed on Realty.com since Wed May 08, 2024
The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 62/100, Bike Score: 84/100.
Listing provided courtesy of:
SLEEPWELL REALTY GROUP LTD
(tel: (613) 521-2000)
Listing agent:
Adam Pearce
(tel: (613) 899-3008)
This content last refreshed on 2024-08-19 14:46:59. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 422/424 NELSON STREET, Ottawa, ON K1N7S7 : MLS® 1390444