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    For Sale - 314 Somerset Street, Lower Town - Sandy Hill, Ontario

    Est payment $8,643/mo
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    Views   2
    Time on Jump  75 day

    AI Summary *

    • Strong six-unit brick building with long-term tenants for stable income.
    • Zoning may change, offering potential for increased income opportunities.
    • Most windows replaced recently for energy efficiency and maintenance.
    • On-site parking, laundry facilities, and multiple balconies for tenant convenience.
    • Located in a desirable area, close to Ottawa University and amenities.




    Solid six units all brick building. 5-2 bed and 1-1 bed. Fully rented, tenants have been there for a while. Present zoning r4u (480) could be changing to cmi (480) h20. Income could be a lot higher. Grossing $107,076, expenses $35,371, net $73,705. Most of the windows (17 windows) replaced 7 years ago. Hot water tanks owned. Tenants pay their own hydro. 3+ parking spots, on site laundry, 4 balconies, corner lot 69' x 62'. Boiler 2010, roof 8 years old appx. In the heart of sandy hill. Very desirable rental market neighbourhood walking distance to ottawa university.
    Listing IDX13242440
    Address314 Somerset Street
    CityLower Town - Sandy Hill, Ontario
    Price$1,800,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    Listing Agency:  COLDWELL BANKER SARAZEN 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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    314 Somerset Street
    Lower Town - Sandy Hill , Ontario
    $1,800,000
    Get more info