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    For Sale - 455-457 Somerset Street, Ottawa Centre, Ontario

    Est payment $10,756/mo
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    Views   1
    Time on Jump  48 day

    AI Summary *

    • Turnkey 6-unit building in a high-demand rental location.
    • Strong NOI and cap rate with immediate renovation upside.
    • Spacious units designed for long-term tenant satisfaction.
    • Prime Centretown location near shops, restaurants, and transit.
    • Great potential for rent increases with minimal investment.




    Welcome to 455/457 somerset street west a rare opportunity to acquire a turnkey 6-unit building in one of ottawa's most vibrant and in-demand rental locations. This well-maintained property generates a strong noi of $125,496. 90, with a 5. 60% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into ottawa's multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed noi.
    Listing IDX12784444
    Address455-457 Somerset Street
    CityOttawa Centre, Ontario
    Price$2,240,000
    Bed / Bath17 / 7 Full
    Style3-Storey, Multiplex
    ConstructionBrick, Wood
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement FullFoundation Concrete BlockHeating / Cooling RadiantHeating Fuel GasSewer Sewer

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    Listing Agency:  SLEEPWELL REALTY GROUP LTD

    * 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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    455-457 Somerset Street
    Ottawa Centre , Ontario
    17 7 $2,240,000
    Get more info