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

    Est payment $8,163/mo
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    Views   2
    Time on Jump  138 day

    AI Summary *

    • Solid brick building with six fully rented units for steady income.
    • Desirable location in Sandy Hill, close to Ottawa University.
    • Recent upgrades include a new roof and most windows replaced.
    • Tenants cover their own hydro, reducing management costs.
    • Ample parking with 3+ spots and on-site laundry facilities.




    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 $111,764. 00, expenses $32,759. 00, net $80,005. 00. New roof (2018). Most of the windows (17 windows) were 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, within walking distance to ottawa university.
    Listing IDX13242440
    Address314 Somerset Street
    CityLower Town - Sandy Hill, Ontario
    Price$1,700,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    Listing Brokerage: COLDWELL BANKER SARAZEN REALTY

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