455-457 Somerset St W

For Sale 79 Days
$2,340,000
beds
7 baths
5,500 Sqft

455-457 Somerset St W

For Sale 79 Days
$2,340,000
beds
7 baths
5,500 Sqft

Highlights

Key insights

Description

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 $119,150.56, with a 5.1% 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. (id:55581)

Adam Pearce of SLEEPWELL REALTY GROUP LTD,
#X12231113
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Amenities / Utilities
  • Cooling
    Partially air conditioned
  • Heat type
    Other
Exterior
  • # parking spaces
    6
Interior
  • # full baths
    7
  • # total bathrooms
    7.0
Location
  • Subdivision
    4102 - ottawa centre
  • Directions
    2235398
Overview
  • Lot size (acres)
    0.0
  • Building size
    5500
  • Listing #
    X12231113
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28490445/455-457-somerset-street-w-ottawa-4102-ottawa-centre
  • 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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$-6,240

/ Month
25 Years fixed, 20% down payment, % interest
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