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:25309)
| 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 |
| 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 |
| Surfaced |
| 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
(613) 686-6336
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