425-427 NELSON STREET , Ottawa Ontario K1N7S6

Sale $949,000.00  | 
Listing # 1241280
2 blocks from uOttawa and steps to the LRT, ByWard Market, Rideau Centre, Parliament Hill, Rideau Canal, the downtown core, Sandy Hill Community Centre & Strathcona Park... 425 Nelson St - Entrance for units 1 & 2. 425 #1 Nelson St is a stylish and bright ground floor 1-bedroom unit.
Office Listing:

Eric Ritterrath, Broker

George Prazmowski

George Prazmowski

Sales Representative

Phone: 613.725.1171

homesbygeorge@royallepage.ca
www.homesbygeorge.ca

Royal LePage Team Realty, Brokerage (Independently owned and operated)

Brokerage

1723 CARLING AVE.
Ottawa,  ON K2A 1C8

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)

Investment

Neighbourhood: Sandy Hill
Lot Frontage: 40.0 Feet
Lot Depth: 123.3 Feet
No. of Parking Spaces: 3
Built in: 1891
Zoning: I1A

Property Features:

Amenities Nearby: Public Transit , Recreation Nearby , Shopping
Current Use: Development residential
Fence Type: Fenced yard
Lease Type: Gross
Parking Type: Open , Gravel , Surfaced , Tandem
Property Type: Multi-family
Sewer: Municipal sewage system
Structure Type: Deck

Building Features:

Basement Development: Unfinished
Basement Type: Unknown
Building Type: Duplex
Construction Material: Masonry
Cooling Type: None
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Fixture: Ceiling fans
Flooring Type : Wall-to-wall carpet , Flooring Type , Laminate , Tile
Foundation Type: Stone
Heating Fuel: Natural gas
Heating Type: Forced air