Lot: 50.83 x 93.17 ft

306 Nelson Street
Ottawa, ON K1N 7S4 | Sandy Hill

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:47421)
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1364047
Last Updated Nov 24, 2023
Property Summary
Property Type Duplex

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Neighbourhood Sandy Hill
Price History

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Detailed Information
Lot 50.83 x 93.17 ft
Amenities Nearby Public Transit, Shopping
Features Balcony
Lease Type Other, See Remarks
Listing Contract Date 2023-10-31
Municipal ID 042090019
# of Parking Spaces 3
Property Type Multi-family
Structures Patio(s), Porch
Transaction Type For sale
Zoning Description R4UD
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
Parking Spaces
Name Spaces
Total Size 50.87 ft X 93.2 ft
Amenities Public Transit, Shopping
Current Use Development residential
Sewer Municipal sewage system
Size of Irregular Land 50.87 ft X 93.2 ft

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