Office Listing

Eric Ritterrath, Broker


Remarks

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 could convert to a 4-bdr, renovated in 2017. 425 Nelson St has two 1-bdr apts completely renovated in 2020. Numerous investor options: 1) Rent 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) Re-develop the entire 40 x 123 ft lot, 5) Zoned minor institutional - rooming house, daycare, retirement home & many other options, or 6) Develop the 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 & the downtown core. (**Full residential use may require re-zoning application). (id:5691)


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