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

Est payment $10,756/mo
Views   2
Time on Jump  206 day
  • Turnkey 6-unit building in a prime rental location.
  • Strong NOI of $125,496.90 with a 5.60% cap rate.
  • One vacant unit available for immediate renovation and income boost.
  • Spacious layouts designed for long-term tenant satisfaction.
  • Close to shops, restaurants, universities, and transit for high demand.



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.
Listing IDX12784612
Address455-457 Somerset Street
CityOttawa Centre, Ontario
Price$2,240,000
Bath7 Full
StyleInvestment
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentHeating / Cooling Gas Hot Water
ASAP

Tue

8

Sep

Wed

9

Sep

Thu

10

Sep

Fri

11

Sep

Sat

12

Sep

Sun

13

Sep

Mon

14

Sep

Tue

15

Sep

Wed

16

Sep

Thu

17

Sep

Fri

18

Sep

Sat

19

Sep

Sun

20

Sep

Mon

21

Sep

Tue

22

Sep

Wed

23

Sep

Thu

24

Sep

Fri

25

Sep

Sat

26

Sep

Sun

27

Sep

Mon

28

Sep

Tue

29

Sep

Wed

30

Sep

Thu

1

Oct

Fri

2

Oct

Sat

3

Oct

Sun

4

Oct

Mon

5

Oct

Tue

6

Oct

By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

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.

Hospital
Parks
Schools
Place of Worship
Please select an amenity above to view a list.

Recommended Properties

We're in the process of adding more listings. Please check back soon!

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