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$5,015,000
Available - For Sale
Listing ID: X12401654
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: $41,178
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 46 Nelson Stre , Lower Town - Sandy Hill, K1N 7R2, Ottawa
Postal Code: K1N 7R2
Province/State: Ottawa
Directions/Cross Streets: Nelson & Clarence
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Building Percentage: T
Total Area: 4,532
Total Area Code:  Square Feet
 Management Expense: 16216
Maintenance: 0
Vacancy Allowance: 8250
Net Income Before Debt: $288673
Expenses Actual/Estimated: $Act
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
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SLEEPWELL REALTY GROUP LTD

46 Nelson Stre , Lower Town - Sandy Hill, K1N 7R2, Ottawa

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Maria Tompson
Sales Representative
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416-548-7854
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Type: Com - Investment
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4002 - Lower Town
Style:
Lot Size: x 102.50(Feet)
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Tax: $41,178
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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