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Apartment Building For Sale at 458 NELSON STREET in Ottawa, Ontario

4 Sale ID #176830
Updated 29 Apr 2024

Asking Price

$3,195,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Unlock an outstanding investment opportunity with this all-new construction, purpose-built fourplex, showcasing spacious, fully occupied units that include three expansive 4-bedroom residences and one generous 6-bedroom unit, each offering the convenience of in-unit laundry. Strategically positioned in a prime locale, just steps from Rideau Centre, the University of Ottawa, lush parks, and a wealth of amenities, this property is nestled in one of the city's most thriving rental sectors. With a solid stream of current rental income and remarkable potential for future expansion, this is a must-see prospect for astute investors in search of a superior opportunity within a high-demand location. Secure your financial future with this exceptional investment proposition. (id:39198)

  • MLS® : #1366941
  • Date Listed : 31 Oct 2023

Location

Province

Ontario

City

Ottawa

Address

458 Nelson Street

Postal Code

K1N7S8

Location Highlights

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Listed by

AVENUE NORTH REALTY INC. Ontario listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$3,195,000

Asking Price

$3,195,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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