46 Nelson Street Ottawa, Ontario K1N 7R2
$5,015,000
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. (id:49712)
Property Details
| MLS® Number | X12401654 |
| Property Type | Multi-family |
| Neigbourhood | Lowertown |
| Community Name | 4002 - Lower Town |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 4532 Sqft |
| Size Interior | 4,532 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 102 Ft ,6 In |
| Size Frontage | 46 Ft ,6 In |
| Size Irregular | Bldg=46.56 X 102.5 Ft |
| Size Total Text | Bldg=46.56 X 102.5 Ft |
| Zoning Description | R4t |
https://www.realtor.ca/real-estate/28858554/46-nelson-street-ottawa-4002-lower-town
423 Bronson Ave
Ottawa, Ontario K1R 6J5
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September 13 2025 01:26:09
Ottawa Real Estate Board
Sleepwell Realty Group Ltd
