$5,015,000
0 bd • ba • 4532 sf • Multifamily
46 Nelson Street
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$5,015,000
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46 Nelson StreetOttawa, ON, K1N 7R2

Lowertown
  • 0 Bed
  • Bath
  • 4532 Sqft
  • Multifamily

About this home

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:32586)
Listed by: Adam Pearce, Salesperson, SLEEPWELL REALTY GROUP LTD

Home facts and features

Price details
List Price
$5,015,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
46 ft x 102 ft (4773 ft²)
Depth
102 ft ,6 in
Frontage
46 ft ,6 in
Heating Type
Hot water radiator heat
Community
Agent details
Primary Agent
Adam Pearce
Primary Broker
SLEEPWELL REALTY GROUP LTD
Listing details
Days on REW
41 Days
MLS® Number
X12401654
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board

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Purchase Price
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Amortization
25 Years
Interest Rate
4.09%

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Property Insights

ÉEP De la Salle
  • Public
  • 7 - 8
ÉSP De La Salle
  • Public
  • 9 - 12
York Street Public School
  • Public
  • JK - 8
É Élém C Sainte-Anne
  • Catholic
  • JK - 8
ÉEP Francojeunesse
  • Public
  • JK - 6
Lisgar Collegiate Institute
  • Public
  • 9 - 12
ÉEP Le Trillium
  • Public
  • JK - 6
ÉEP Trille des Bois
  • Public
  • JK - 8
Viscount Alexander Public School
  • Public
  • JK - 6
St Brigid Elementary School
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Listing data was last updated on 2025-10-23.
Call Agent
Salesperson
Adam Pearce
Phone:
(613) 899-3008
Office:
(613) 521-2000
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