80 Nelson Street, Ottawa, Ontario, K1N7R3
Details
- Listing ID: X12427704
- Price: $2,100,000
- Address: 80 Nelson Street, Ottawa, Ontario K1N7R3
- Property Type: Multi-family
- Heating: Natural Gas, Forced Air
Description
80 Nelson Offers 12 fully renovated micro-suites with private bathrooms, complemented by shared kitchen and living spaces. Disclosure: The property experienced a fire and an insurance claim has been approved with full construction underway to restore the building and all rental units, with completion slated for January 2026. Once complete, 80 Nelson will re-emerge as a modernized multi-residential investment in one of Ottawas most in-demand rental corridors. The building has been designed to feature 12 micro-suites, each equipped with private bathrooms and contemporary finishes, supported by thoughtfully designed common kitchen and living area that foster community while maintaining privacy. This style of housing has proven highly attractive to students and young professionals seeking affordable, turnkey living near the University of Ottawa.Projected gross annual rents of $207,660 and a stabilized net operating income of $134,979 (based on a 35% expense ratio) demonstrate the buildings strong return potential. The full renovation encompasses new systems, modern finishes, and tenant-focused upgrades, reducing long-term capital requirements for investors while ensuring operational stability. Located in Sandy Hill, 80 Nelson benefits from direct access to the University of Ottawa, major transit routes, and the downtown core. The neighbourhood remains one of Ottawas most resilient rental markets, driven by consistent demand for off-campus housing, walkable amenities, and proximity to the ByWard Market and Rideau Centre. This combination of location, design, and projected income makes 80 Nelson a compelling investment for those seeking a fully repositioned asset in the heart of the city. (id:22130)
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