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422/424 NELSON STREET, Ottawa, Ontario, K1N 7S7

MLS® # 1390444
Investment For Sale In Sandy Hill - Ottawa East, Ottawa, Ontario
$2,250,000
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Outdoor With View
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Living Room
422/424 Nelson Street, Ottawa, ON - Indoor
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Bathroom
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Bathroom
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Other Room
422/424 Nelson Street, Ottawa, ON - Indoor
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Kitchen With Double Sink
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Living Room
422/424 Nelson Street, Ottawa, ON - Indoor
422/424 Nelson Street, Ottawa, ON - Indoor
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Outdoor With View
422/424 Nelson Street, Ottawa, ON - Outdoor
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Living Room
422/424 Nelson Street, Ottawa, ON - Indoor
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Bathroom
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Bathroom
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Other Room
422/424 Nelson Street, Ottawa, ON - Indoor
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Kitchen With Double Sink
422/424 Nelson Street, Ottawa, ON - Indoor Photo Showing Living Room
422/424 Nelson Street, Ottawa, ON - Indoor
422/424 Nelson Street, Ottawa, ON - Indoor
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Home Insurance - TD Insurance
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Home Insurance - TD Insurance

Get a home insurance quote online for this $2,250,000 property in Ottawa

Provided by TD Insurance
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422/424 NELSON STREET, Ottawa, Ontario, K1N 7S7
$2,250,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Development: Partially finished
  • Basement Type: Full
  • Construction Style - Attachment: Attached
  • Exterior Finish: Brick, Siding
  • Flooring Type: Laminate, Tile
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit, Recreation Nearby, Shopping
  • Built in: 1902
  • Irregular: Yes
  • Lease Type: Lease Type
  • Lot Depth: 101.2 Feet
  • Lot Frontage: 39.9 Feet
  • Lot Size: 39.95 ft X 101.14 ft
  • Zoning: RES
  • Sewer: Municipal sewage system
  • Parking Type: Open, Tandem
  • No. of Parking Spaces: 4

Courtesy of: SLEEPWELL REALTY GROUP LTD

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 422/424 NELSON STREET, Ottawa, Ontario, K1N 7S7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 422/424 NELSON STREET , experiences 7 hot days per year at around 31.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.2℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 422/424 NELSON STREET , experiences 11 significant 2-day storms per year, with about 319.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 409.6mm of precipitation per year.

Precipitation Per Storm

Past
319.7mm
2050
409.6mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 422/424 NELSON STREET, Ottawa, Ontario, K1N 7S7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$127,157.76

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

4.0 %

High school certificate or equivalent

35.51 %

Apprenticeship trade certificate/diploma

0.72 %

College/non-university certificate

9.8 %

University certificate (below bachelor)

2.99 %

University Degree

46.99 %

Commuter

Travel To Work

By Car

30.58 %

By Public Transit

27.44 %

By Walking

31.79 %

By Bicycle

5.91 %

By Other Methods

4.28 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

85.04 %

Houses

14.96 %

Own Vs. Rent

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