LOADING

306 Nelson Street Ottawa, Ontario K1N 7S4

Heat Pump Hot Water Radiator Heat

$1,498,900

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:20425)

Property Details

MLS® Number 1364047
Property Type Multi-family
Neigbourhood Sandy Hill
Amenities Near By Public Transit, Shopping
Features Balcony
Parking Space Total 3
Structure Patio(s), Porch

Building

Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1898
Cooling Type Heat Pump
Exterior Finish Brick
Flooring Type Hardwood
Foundation Type Stone
Heating Fuel Oil
Heating Type Hot Water Radiator Heat
Stories Total 3
Type Duplex
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage No
Current Use Development Residential
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 93 Ft ,2 In
Size Frontage 50 Ft ,10 In
Size Irregular 50.87 Ft X 93.2 Ft
Size Total Text 50.87 Ft X 93.2 Ft
Zoning Description R4ud

https://www.realtor.ca/real-estate/26238271/306-nelson-street-ottawa-sandy-hill

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Michel Brissette
Broker

(613) 668-1445
www.MichelBrissette.com
Michel Brissette

Details Realty Inc.
1530stittsville Main St,bx1024
Ottawa, ON K2S 1B2

(613) 686-6336
(613) 224-5690

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