Mirna Botros
613-600-2626279 Somerset Street - $1,219,000
279 Somerset Street - $1,219,000
279 Somerset Street
$1,219,000
4004 - Sandy Hill
Ottawa, OntarioK1N6V7
7 beds
4 baths
3 parking
MLS#: X12486659Listed: 21 days agoUpdated:21 days ago
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:58075)Details
Details for 279 Somerset Street, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Triplex
- Storeys
- 3
- Neighborhood
- 4004 - Sandy Hill
- Land Size
- 41 x 72 FT
- Year Built
- -
- Annual Property Taxes
- $9,755
- Parking Type
- No Garage
Inside
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Water Heater
- Rooms
- 12
- Bedrooms
- 7
- Bathrooms
- 4
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Finished, Full, Apartment in basement, N/A, N/A
Building
- Architecture Style
- -
- Direction
- Cross Streets: Somerset St E & Sweetland Ave. ** Directions: STEPS FROM OTTAWA U - Laurier East, then south on King Edward or Range to Somerset East. Property is between Sweetland and Russell.
- Type of Dwelling
- triplex
- Roof
- -
- Exterior
- Brick
- Foundation
- Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 41 x 72 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- No Garage
- Total Parking
- 3
Utilities
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 279 Somerset Street, Ottawa, OntarioMap
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