$5,015,000
Available - For Sale
Listing ID: X12401654
46 Nelson Stre , Lower Town - Sandy Hill, K1N 7R2, Ottawa
| Outstanding investment opportunity in the heart of downtown Ottawa. 46 Nelson is a fully renovated multi-residential property featuring 18 furnished suites with 20 bedrooms, all operated on an all-inclusive rental model that continues to attract strong demand from both students and young professionals. The building produces a gross annual income of $404,000, supplemented by additional parking and laundry revenue, resulting in a Net Operating Income of $288,673 and a very attractive cap rate of 5.75%. These metrics highlight the properties strength as a stable, cash-flowing asset in todays market. The location is boasting a 99 Walk Score, 86 Transit Score, and 97 Bike Score, with residents enjoying immediate access to the University of Ottawa, the ByWard Market, shopping, dining, and essential amenities. Extensive renovations and infrastructure upgrades ensure reliability, efficiency, and lower operating costs for years to come. The fully furnished and all-inclusive rental approach not only maximizes income but also broadens tenant appeal, reducing vacancy risk and keeping turnover manageable in a highly competitive rental market. For investors seeking a turnkey property with strong cash flow, proven stability, and long-term appreciation potential, 46 Nelson stands out as a rare opportunity to acquire a high-performing building in one of Ottawas most vibrant and desirable downtown neighbourhoods. |
| Price | $5,015,000 |
| Taxes: | $41178.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 46 Nelson Stre , Lower Town - Sandy Hill, K1N 7R2, Ottawa |
| Postal Code: | K1N 7R2 |
| Province/State: | Ottawa |
| Directions/Cross Streets: | Nelson & Clarence |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 4532.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 16216 |
| Vacancy Allowance: | 8250 |
| Net Income Before Debt: | $288673 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SLEEPWELL REALTY GROUP LTD |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4002 - Lower Town |
| Tax: | $41,178 |
| Fireplace: | N |
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