455-457 Somerset Street W Ottawa, Ontario K1R 5J7
$2,340,000
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:19720)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12231113 |
| Property Type | Multi-family |
| Community Name | 4102 - Ottawa Centre |
| Parking Space Total | 6 |
Building
| Bathroom Total | 7 |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Other |
| Size Interior | 5,500 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 112 Ft ,4 In |
| Size Frontage | 57 Ft ,11 In |
| Size Irregular | 57.95 X 112.37 Ft |
| Size Total Text | 57.95 X 112.37 Ft |
| Zoning Description | Tm14 |
https://www.realtor.ca/real-estate/28490445/455-457-somerset-street-w-ottawa-4102-ottawa-centre
Contact Us
Contact us for more information
Adam Pearce
Salesperson
423 Bronson Ave
Ottawa, Ontario K1R 6J5
(613) 521-2000
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 19 2025 12:55:09
Ottawa Real Estate Board
Sleepwell Realty Group Ltd