view of front of home featuring brick siding, a chimney, a gambrel roof, an outbuilding, and a porch Features: porch, central ac, outdoor structure More Photos

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    For Sale - 279 Somerset Street, Lower Town - Sandy Hill, Ontario

    Est payment $5,854/mo
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    Views   1
    Time on Jump  200 day

    AI Summary *

    • Fully leased triplex generating impressive annual income of $93,600.
    • Each unit self-contained with kitchen, bathroom, and laundry for tenant privacy.
    • Located in a desirable neighborhood close to Ottawa U and downtown amenities.
    • Recent updates include a new A/C unit and owned hot water tank.
    • Three on-site parking spaces enhance appeal for tenants and visitors.




    Exceptional triplex in the heart of sandy hill! A rare opportunity to own a fully leased, income-generating property in one of ottawa's most desirable downtown neighbourhoods. This 3-storey triplex offers modern comfort, strong rental returns, and unbeatable location-perfect for investors or owner-occupiers alike. Each unit is self-contained with its own kitchen, full bathroom(s), and in-unit laundry, ensuring convenience and privacy for all tenants. Unit 1 (main + lower): 5-bedroom layout (3 on main, 2 below) with 2 full baths, shared kitchen and laundry, currently rented for $4,150/month. Unit 2 (second floor): bright 2-bedroom + den apartment with full kitchen and laundry, ideal for professionals or students, rented for $1,800/month. Unit 3 (third floor): spacious 2-bedroom unit featuring its own laundry and kitchen, bringing in $1,850/month including parking. Recent updates include a new a/c unit and owned hot water tank (2023). Three on-site parking spaces add further appeal. The property generates an impressive annual gross income of $93,600, with net income of $74,530 (after expenses) - a truly turn-key investment. Landlord pays for the utilities. Most units are available fully furnished, offering flexible options for short-term or long-term rentals. With steady leases signed within the past year and its proximity to ottawa u, downtown amenities, and the rideau canal, this triplex combines strong cash flow with long-term growth potential. A solid investment in a prime downtown location. Don't miss it!
    Listing IDX12486659
    Address279 Somerset Street
    CityLower Town - Sandy Hill, Ontario
    Price$1,219,000
    Bed / Bath7 / 4 Full
    Style3-Storey, Triplex
    ConstructionBrick
    Land Size2952
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Water Heater OwnedOwnership FreeholdBasement Full, Finished, ApartmentFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Agency:  ROYAL LEPAGE INTEGRITY REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    279 Somerset Street
    Lower Town - Sandy Hill , Ontario
    7 4 $1,219,000
    Get more info