306 NELSON Street, Ottawa, Ontario K1N7S4

Listing courtesy of DETAILS REALTY INC..

$1,486,400
List Price
$1,486,400
Price Change
▼ $12,500 1705370108
MLS®
1364047
Days on Market
118
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size Dimensions
50.87 ft X 93.2 ft
Subdivision
Sandy Hill

Property Description

Duplex with Development Potential. This home is built on one side of the lot, leaving plenty of room to build an addition. Whether you want to create a custom new apartment just for your family or add up six units, turning this investment into eight units, there is a lot to discuss with your architect. Let your imagination run wild. The land value alone makes this property a golden opportunity. Prime Location: Steps from Ottawa University and Downtown! Rent it out or live in it while you discuss your plans with the city. Developers, don't miss out. With favorable zoning and ample lot size, you can reap the rewards of locking in this property before someone else does, or move in and enjoy either the 5-bed (est rent of $3,700 incl 2 parking) apt or the 1-bed apt (est rent of $2,400 incl 1 parking) for months, years before cashing in. Build xtra 1 bed apts for an estimated $2,200 per mth each plus parking. Ideal airbnb with 7 beds. Income and expenses shown are 2022 except taxes are 2023. (id:5764)

Additional Information

Subdivision
Sandy Hill
Parking Spaces
3
Cooling
Heat Pump
Country
Canada
Flooring
Hardwood
Sewer
Municipal sewage system
Heating
Hot water radiator heat, Oil
Lot Features
Balcony
Total Number Of Units
2
Stories
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks