279 Somerset St E

For Sale New 16 hours
$1,219,000
7 beds
4 baths

279 Somerset St E

For Sale New 16 hours
$1,219,000
7 beds
4 baths

Highlights

Key insights

Description

Exceptional Triplex in the Heart of Sandy Hill! A rare opportunity to own a fully leased, income-generating property in one of Ottawa's most desirable downtown neighbourhoods. This 3-storey triplex offers modern comfort, strong rental returns, and unbeatable location-perfect for investors or owner-occupiers alike. Each unit is self-contained with its own kitchen, full bathroom(s), and in-unit laundry, ensuring convenience and privacy for all tenants. Unit 1 (Main + Lower): 5-bedroom layout (3 on main, 2 below) with 2 full baths, shared kitchen and laundry, currently rented for $4,150/month. Unit 2 (Second Floor): Bright 2-bedroom + den apartment with full kitchen and laundry, ideal for professionals or students, rented for $1,800/month. Unit 3 (Third Floor): Spacious 2-bedroom unit featuring its own laundry and kitchen, bringing in $1,850/month including parking. Recent updates include a new A/C unit and owned hot water tank (2023). Three on-site parking spaces add further appeal. The property generates an impressive annual gross income of $93,600, with net income of $74,530 (after expenses) - a truly turn-key investment. Landlord pays for the utilities. Most units are available fully furnished, offering flexible options for short-term or long-term rentals. With steady leases signed within the past year and its proximity to Ottawa U, downtown amenities, and the Rideau Canal, this triplex combines strong cash flow with long-term growth potential. A solid investment in a prime downtown location. Don't miss it! (id:63267)

Mia Li of ROYAL LEPAGE INTEGRITY REALTY,
#X12486659
updated 16 hours ago.
Houseful checked MLS® for data 16 hours ago.

Home overview

Amenities / Utilities
  • Cooling
    Central air conditioning
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    3
  • # parking spaces
    3
Interior
  • # full baths
    4
  • # total bathrooms
    4.0
  • # of above grade bedrooms
    7
Location
  • Subdivision
    4004 - sandy hill
  • Directions
    1888894
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12486659
  • Property sub type
    Multi-family
  • Status
    Active
Rooms Information metric
  • Kitchen
    3.49m X 3.91m
    Level: 2nd
  • Bedroom
    2.24m X 3.52m
    Level: 2nd
  • Bedroom
    3.8m X 3.59m
    Level: 2nd
  • Bedroom
    4.11m X 3.87m
    Level: 3rd
  • Bedroom
    5.1m X 3.8m
    Level: 3rd
  • Kitchen
    3.32m X 3.48m
    Level: 3rd
  • Bedroom
    2.99m X 3.67m
    Level: Basement
  • Bedroom
    3.2m X 4.84m
    Level: Basement
  • Kitchen
    3.35m X 4.05m
    Level: Main
  • Bedroom
    2.57m X 3.72m
    Level: Main
  • Bedroom
    3.13m X 3.91m
    Level: Main
  • Bedroom
    3.8m X 3.91m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/29041670/279-somerset-street-e-ottawa-4004-sandy-hill
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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