425-427


NELSON

Street,
Ottawa,




ON
K1N 7S6

Full Screen

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 can easily convert to a 4-bdr (increasing rent potential) & was renovated in 2017. 425 Nelson St has two 1-bdr apts completely renovated in 2020. Numerous investor options: 1) Run as-is renting 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) Develop the entire 40 x 123 ft lot, 5) Zoned minor institutional - rooming house, daycare, retirement home & many other options, or 6) Develop the unfinished 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, downtown core & Strathcona Park along the Rideau River... No conveyance of offers prior to April 13, 4pm.


Area Map