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$2,100,000
Available - For Sale
Listing ID: X12427704
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.
Price $2,100,000
Taxes: $25,000
Tax Type: Annual
Occupancy by: Vacant
Address: 80 Nelson Stre , Lower Town - Sandy Hill, K1N 7R3, Ottawa
Postal Code: K1N 7R3
Province/State: Ottawa
Directions/Cross Streets: Nelson & Clarence
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Building Percentage: T
Total Area: 2,540
Total Area Code:  Square Feet
Maintenance: 0
Net Income Before Debt: $134979
Expenses Actual/Estimated: $Est
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SLEEPWELL REALTY GROUP LTD

80 Nelson Stre , Lower Town - Sandy Hill, K1N 7R3, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4002 - Lower Town
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Lot Size: x 68.90(Feet)
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Tax: $25,000
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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