422/424 NELSON St

Lower Town - Sandy Hill | 4004 - Sandy Hill | K1N 7S7
  • 0
  • 0
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Ask: $2,350,000 $2,180,000

Est. Mtg $7,392 /mo
  • Days on market

    183

  • Status

    New

Listing Broker SLEEPWELL REALTY GROUP LTD
Since listed: 0 views

Home details

MLS #:

X9515118

Property type:
Fourplex
Style:
Taxes:
$16,389
Possession:
TBD
Lot Front:
39.95   Feet
Lot Depth:
101.14   Feet
Basement:
Full | Part Fin
Driveway Pkg:
0
Heat:
Gas | Forced Air

Description


422/424 NELSON St, , Lower Town - Sandy Hill, Ontario is a Fourplex property in Lower Town - Sandy Hill and in the 4004 - Sandy Hill community in the K1N 7S7 postal code


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..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-05 2024-10 $2,350,000 $2,180,000 New X9515118

Comparables

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sold Date Address List Price sold Price DOM
2024-04 161 GOULBURN Ave, $999,900 $989,000 36

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Lower Town - Sandy Hill :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 422/424 NELSON St

Based on available 3rd party data

$8892

Approximate costs per month

Mortgage
$7392 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1365 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Park
  • Public Transit
Listing Broker SLEEPWELL REALTY GROUP LTD
Data Source: TRREB

Payment calculator

$8757 monthly. In association with: TD Bank
%
  • Principal and Interest
    7392 /mo
  • Property Taxes
    $1365 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gunpreet Kochar, Realtor

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