MLS#: X13155804Listed: about 2 hours agoUpdated:about 2 hours ago
Description
Fabulous opportunity for the right buyer. Ideally located at the corner of Percy Street and Somerset Street West, this fourplex double offers excellent potential for investors, developers, or owner-occupiers seeking a prime central Ottawa location. Flexible CM1 ZONING offers a wide range of Residential and COMMERCIAL uses, creating an outstanding long-term investment. This property features four residential units, including two 2-bedroom units and two 1-bedroom units. Units in 606 are currently vacant, offering immediate occupancy or rental potential, while Units in 604 are tenanted. Tenants have indicated they are willing to vacate with 90 days notice if required. Important updates include a new furnace in Unit 604 (2025) and a new furnace in Unit 606 (2024). Two hot water tanks are rented, while one hot water tank is owned. Tenants pay for hydro. Excellent location close to downtown Ottawa, public transit, restaurants, shops, and major amenities. Income and Expenses for 2025: Gross Income: $27,220.00; Expenses: Insurance: $1,090.80; Property Taxes: $7,167.20; Utilities: $6,661.12 (id:58075)
Details
Details for 604 606 Somerset Street, Ottawa, Ontario
Property Type
Multi Family
Building Type
Fourplex
Storeys
2
Neighborhood
4103 - Ottawa Centre
Land Size
37.3 x 59.9 FT
Year Built
-
Annual Property Taxes
$7,167
Parking Type
No Garage
Inside
Appliances
Refrigerator, Stove, Hood Fan
Rooms
8
Bedrooms
6
Bathrooms
4
Fireplace
-
Fireplace Total
-
Basement
Unfinished, Full
Building
Architecture Style
-
Direction
Cross Streets: Somerset St & Bronson Ave. ** Directions: From Bronson Ave turn onto Somerset St W.
Type of Dwelling
fourplex
Roof
-
Exterior
Brick
Foundation
Stone
Flooring
-
Land
Sewer
Sanitary sewer
Lot Size
37.3 x 59.9 FT
Zoning
-
Zoning Description
CM1
Parking
Features
No Garage
Total Parking
1
Utilities
Cooling
None
Heating
Forced air, Natural gas
Water
Municipal water
Feature Highlights
Community
-
Lot Features
-
Security
-
Pool
-
Waterfront
-
Rooms
Rooms for 604 606 Somerset Street, Ottawa, Ontario