Mirna Botros
613-600-2626455 457 Somerset Street - $2,240,000
455 457 Somerset Street - $2,240,000
455 457 Somerset Street
$2,240,000
4102 - Ottawa Centre
Ottawa, OntarioK1R5J7
17 beds
7 baths
7 parking
MLS#: X12784444Listed: 17 days agoUpdated:4 days ago
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 $122,631.90, with a 5.47% 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:58075)Details
Details for 455 457 Somerset Street, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Other
- Storeys
- 3
- Neighborhood
- 4102 - Ottawa Centre
- Land Size
- 58 x 112.5 FT
- Year Built
- -
- Annual Property Taxes
- $18,979
- Parking Type
- No Garage
Inside
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
- Rooms
- -
- Bedrooms
- 17
- Bathrooms
- 7
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Full
Building
- Architecture Style
- -
- Direction
- Cross Streets: Somerset & Kent. ** Directions: From Kent Street, turn left on Somerset Street West, building has laneway before 455 and parking behind.
- Type of Dwelling
- other
- Roof
- -
- Exterior
- Wood, Brick
- Foundation
- Block
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 58 x 112.5 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- No Garage
- Total Parking
- 7
Utilities
- Cooling
- -
- Heating
- Radiant heat, Not known, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 455 457 Somerset Street, Ottawa, OntarioMap
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