$5,015,000

46 Nelson Street, Lower Town - Sandy Hill, ON K1N 7R2

4002 - Lower Town, Lower Town - Sandy Hill,

| | 4,532 sq.ft. |

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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.

Property Info
MLS®: X12401654
Listing Courtesy of SLEEPWELL REALTY GROUP LTD
Floor Space 4532 sq.ft.
Lot Size 4772 sq.ft.
Last Updated 2025-09-13
Property Type Commerece
Listed Price $5,015,000
Unit Pricing $1,107/sq.ft.
Tax Estimate $41,178/Year
More Details
Water Supply Municipal
Summary
    Location and General Information
  • HoldoverDays: 30
  • Property Type: Commercial
  • Property Sub Type: Investment
  • GarageType: None
  • Directions: From King Edward, East on Rideau, Left on Nelson.
  • Taxes and HOA Information
  • Tax Year: 2025
  • Parking
Interior and Exterior Features
    Interior Features
  • Cooling: Yes
  • HeatType: Gas Hot Water
  • Exterior Features
Property
    Utilities
    Property and Assessments
  • Building Area Total: 4532
  • Building Area Units: Square Feet
  • Lot Information
  • Parcel Number: 042130024
  • LotSizeUnits: Feet
  • LotDepth: 102.5
  • LotWidth: 46.56
  • Others
Sold History
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