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422 - 424 Nelson St

4 Unit Income Property

Recently renovated property comprised of two 5-bedroom units, and two 4-bedroom units. Favorable R4UD zoning opens potential for future development with 2 empty spaces at the back of the property ready to be converted to 2 studio suites.

An incredible opportunity to own in the heart of the Sandy Hill neighbourhood. Vacancies are highly sought after by renters due to its central location, and its proximity to the University of Ottawa, the Rideau Canal, parks, shopping & dining.

With easy access to the 417 , numerous bus routes, and being just steps a way from the LRT station, this property brings all that Ottawa has to offer to your door step.

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Analysis

R4UD Zoning

Residential

4 units

Renovated

Building

2017

In $ CAD

Price

$2,350,000

In Sq. Feet

Area

5,105

The Potential

2 vacant studio spaces are permit ready and approved by the city for development. Both spaces offer a similar/mirror floorplan and private entrances at the back of 422/424 Nelson.

Unit 2-422 Nelson is a mirror image to 2-424 Nelson and can rent for similar rent without any improvements.

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Nearby

The neighborhood boasts educational institutions, cultural attractions, diverse housing options, and excellent transit access, making it a sought-after location for both academics and families. With a mix of history, natural beauty, and modern amenities, Old Ottawa East is a vibrant and welcoming community.

Explore The Neighbourhood

Sandy Hill, nestled just east of downtown Ottawa, stands out as a dynamic neighborhood with a unique blend of historic allure and youthful vigor, making it a prime hub for the student rental market. The streets, lined with well-preserved Victorian homes, exude a timeless charm that appeals to both long-time residents and the influx of students attending the nearby University of Ottawa. The academic atmosphere is palpable, with the university’s modern facilities seamlessly integrated into the community.

Beyond the campus, Sandy Hill’s appeal to the student demographic is enhanced by its proximity to green spaces like Strathcona Park and the recreational opportunities along the Rideau Canal. The neighborhood’s vibrant cultural scene, coupled with accessible amenities and transportation options, makes it an ideal locale for student living. Sandy Hill truly encapsulates a dynamic and convenient lifestyle, making it a sought-after destination for those navigating the student rental market in Ottawa.

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Get In Touch

Adam Pearce – Sales Representative