LORNE SCOTT

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)
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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Address Price Bed Bath SqFt Area Sub Area Brokerage
807-811 MARCH ROAD Ottawa
807-811 MARCH ROAD
 $4,950,000 - - Unit=203 x 209 FT ; 0|1/2 - 1.99 acres Ottawa RE/MAX HALLMARK REALTY GROUP
012 - 1435 MORISSET AVENUE Ottawa
012 - 1435 MORISSET AVENUE
 $1,680 1 1 Ottawa KELLER WILLIAMS INTEGRITY REALTY
42 GRADY CRESCENT Ottawa
42 GRADY CRESCENT
 $499,975 2 2 62 x 100 FT ; 1 Ottawa RIGHT AT HOME REALTY
241 APPALACHIAN CIRCLE Ottawa
241 APPALACHIAN CIRCLE
 $979,900 4 3 50 x 69.88 FT ; 0 Ottawa ROYAL LEPAGE TEAM REALTY
1004 - 340 QUEEN STREET Ottawa
1004 - 340 QUEEN STREET
 $2,300 1 1 Ottawa HOME RUN REALTY INC.
342 GISBORNE PLACE Ottawa
342 GISBORNE PLACE
 $2,750 3 3 Ottawa COLDWELL BANKER SARAZEN REALTY
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Lorne Scott

SALES REPRESENTATIVE

Direct: 613-277-6713

lornescott@royallepage.ca

Royal LePage Team Realty

Unit# 200 – 1335 Carling Ave.

Ottawa, Ontario

Canada K1Z 8N8

Office: 613-725-1171

Toll Free: 1-800-307-1545

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