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:24093)

"Based on information submitted to CREA as of November 30, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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Property Details of 306 Nelson Street

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