315 Nelson Street, Ottawa, Ontario K1N7S5

Listing courtesy of ROYAL LEPAGE PERFORMANCE REALTY.

$6,100,000
List Price
$6,100,000
MLS®
1269280
Days on Market
25
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Sandy Hill

Property Description

Location Location Location. Great addition to any portfolio. This building is composed of 23 units and built with a concrete and brick exterior. Big building 87 by 68 feet. 15,000+ square feet on the 3 levels. 15 parking spots. The building's unit mix: 16 large open concept bachelors (340 to 390 square feet average) , 4 one-bedrooms, 3 two-bedroom units. Large lot with great zoning for potential expansion. Located 2 blocks away from the University of Ottawa in Sandy Hill, and a 15 minutes walk to the Rideau Center, Canal, Byward Market and the Rideau River. Walk and transit score of 86. Lots of rental upside. Projected gross rental income for 2022 is $320,000. Asking price of $265,000 per unit with the potential to add 8 more with an extra floor. (id:2579)

Additional Information

Ownership
Freehold
Subdivision
Sandy Hill
Parking Spaces
15
Levels
3
Country
Canada
Sewer
Municipal sewage system
Frontage Length
91 ft ,10 in
Total Number Of Units
23
Stories
3

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks