About 1235 Nelson Street
The subject property is situated on a large 17,300 SF lot. The apartment has 42 suites, which are all improved with granite counter tops in the kitchens and bathrooms. Oak hardwood floors, ornamental fireplaces, and high ceilings add to the character of this unique building. There is great potential for rental increases as many of the tenants are paying below average rental rates for the area. In addition, the property is held in bare trust, meaning that buyers have the potential to save significantly by avoiding property transfer tax.