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

Est payment $10,756/mo
Views   1
Time on Jump  65 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. Vacant unit rent assumed in listed noi.
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
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Listing Agency:  SLEEPWELL REALTY GROUP LTD

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455-457 Somerset Street
Ottawa Centre , Ontario
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