view of front of house with brick siding and covered porch Features: fence, porch More Photos

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    For Sale - 474 SOMERSET Street, Ottawa Centre, Ontario

    Est payment $5,453/mo
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    Time on Jump  34 day

    AI Summary *

    • Unique investment property in the heart of Centretown, Ottawa.
    • Flexible zoning allows for commercial or multi-residential uses.
    • Prime location near amenities, parks, and public transportation.
    • Short term rental license with over $100,000 in renovations.
    • Strong potential income with reliable rental demand in the area.




    High return property - unique and in the heart of centretown central ottawa! Lucrative commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is tm14 h(20) - meaning you can build up to 20 meters high! Lot size 29 x 110 feet. 5 parking spaces in the back. In the heart of centretown ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of its size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. Gross income: $116,832. 00 (when fully rented) - expenses: $29,664. 15 = noi $87,165. 85 . Reach out for more info and photos and to book a viewing... We welcome offers!
    Listing IDX12671378
    Address474 SOMERSET Street
    CityOttawa Centre, Ontario
    Price$1,100,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    Listing Agency:  RE/MAX HALLMARK REALTY GROUP
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