LOADING

425-427 Nelson Street Ottawa, Ontario K1N 7S6

None Forced Air

$949,000

Pride of ownership evident in this well-maintained, turn-key 3-unit income property in the heart of Sandy Hill. 427 Nelson St is a 2-storey 3-bdr + den unit that can easily convert to a 4-bdr (increasing rent potential) & was renovated in 2017. 425 Nelson St has two 1-bdr apts completely renovated in 2020. Numerous investor options: 1) Run as-is renting to students or young professionals, 2) Owner-occupy renting 2 other units and let it pay your mortgage, 3) Add onto the rear (as has been done by neighbours), 4) Develop the entire 40 x 123 ft lot, 5) Zoned minor institutional - rooming house, daycare, retirement home & many other options, or 6) Develop the unfinished basement. 3 parking spots & coin laundry provide additional monthly income. 2 blocks from uOttawa & steps to the LRT, Market, Rideau Centre, Parliament Hill, Rideau Canal, downtown core & Strathcona Park along the Rideau River... No conveyance of offers prior to April 13, 4pm. (id:29438)

Property Details

MLS® Number 1217844
Property Type Multi-family
Neigbourhood Sandy Hill
Amenities Near By Public Transit, Recreation Nearby, Shopping
Parking Space Total 3
Structure Deck

Building

Basement Development Unfinished
Basement Features Low
Basement Type Unknown (unfinished)
Constructed Date 1891
Construction Material Masonry
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present No
Fixture Ceiling Fans
Flooring Type Carpeted, Laminate, Tile
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Duplex
Utility Water Municipal Water

Parking

Open
Gravel
Surfaced
Tandem

Land

Acreage No
Current Use Development Residential
Fence Type Fenced Yard
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 123 Ft ,3 In
Size Frontage 40 Ft
Size Irregular 0.11
Size Total 0.11 Ac
Size Total Text 0.11 Ac
Zoning Description I1a

https://www.realtor.ca/real-estate/23023977/425-427-nelson-street-ottawa-sandy-hill

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