422/424 Nelson Street
Ottawa (Sandy Hill), ON K1N 7S7
- 9+9Bedrooms
- 1Bathroom
- 4Parking
- —Sq Ft
- $16,389Tax
- 40×101 ftLot Size
Free EstimateSee Free Estimate Report
Property not available for sale or for rent.
HOMEH One: full-service selling for a 1% listing fee. The buyer's agent commission is separate.
Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 422/424 Nelson Street, Ottawa, Sandy Hill
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2024-05-08 | 2025-01-24 | Login to See Prices | Sold | x9515118 |
Real estate boards require you to or to see the full details of this property.
*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 422/424 Nelson Street, Ottawa, Sandy Hill
Flooring: Tile, Flooring: Laminate, Fantastic 6.32% CAP, NET $137,734, 4plex with opportunity to increase cashflow by approx. $36K with 2 permit ready vacant studio spaces. This almost immediate increase in cashflow will increase the value well beyond the capital invested to create the new units. Property operates with 4 never vacant student rentals, 2-4 bed 2 bth, 2-5 bed 2 bth - all on master leases. This is a very stable property that has operated under 1 management for 5+ years. The 2 spaces ready for development are at the back of the property and independent of the 4 existing units. Tenants pay all utilities but water. An incredible opportunity to own in the heart of the Sandy Hill. 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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $16,389
- Land Transfer Tax Fee
- $40,975
- Basement Type
- Full, Partially Finished
Interior Features
- Interior Extras
- Unknown
- Security Features
- Unknown
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Public Transit, Park
Building
- Building Type
- Multiplex
- Building Style
- Unknown
Construction
- Exterior Finish
- Brick, Other
- Roof
- Unknown
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 39.95 ft
- Lot Depth
- 101.14 ft
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 2
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Bedrooms
- 9 + 9
- Washrooms
- 1
Washrooms
- 3-piece, Ground
- Municipality
- Ottawa
- Neighbourhood
- Sandy Hill
- Main cross streets
- From King Edward head East on Somerset St E or Osgoode St. Located on Nelson St in between Somerset St E and Osgoode St.
- Zoning
- RES
- Directions
- From King Edward head East on Somerset St E or Osgoode St. Located on Nelson St in between Somerset St E and Osgoode St.
- MLS® number
- X9515118
- Data source
- oreb
- Status change
- 2025-01-24
- Listed on
- 2024-05-08
- Days on market
- 261 days
- Possession type
- To Be Determined
- Co-op commission
- 2
- Seller
- Listed by
- SLEEPWELL REALTY GROUP LTD
Home Market Value
Current home valuation for 422/424 Nelson Street, Ottawa, Sandy Hill, Ottawa, ON. Listed for $2,180,000
HOMEH Estimate
—
Estimated Sales Range
—
HOMEH Estimate for 422/424 Nelson Street, Ottawa, Sandy Hill
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
For the owner
Is this your home? Track its value.
Get this home's HOMEH Estimate by email once a month, with how many homes are for sale around you.
Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$436,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $1,744,000 | $1,635,000 | $1,526,000 | $1,417,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $8,515monthly | $7,983monthly | $7,451monthly | $6,919monthly |
Land Transfer Tax
$40,975
$40,975
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
Ask HOMEH
New!Hi there!
👋Text or call (416) 301-9001
Recommended for you
Based on homes you've looked at.
No recommended properties found.
Nearby similar homes
No nearby properties found.
More real estate resources
Other homes nearby
Explore this area
Nearby neighbourhoods
- 4502 - West Centre Town homes for sale
- 4504 - Civic Hospital homes for sale
- 2101 - Rothwell Heights homes for sale
- 4002 - Lower Town homes for sale
- 4003 - Sandy Hill homes for sale
- 1116 - Cumberland West homes for sale
- 7806 - Cedar Hill/Orchard Estates homes for sale
- 4001 - Lower Town/Byward Market homes for sale
No nearby listings available.