$ 2,340,000
-
$2,340,000
Price -
0
Bed -
7
Bath -
5,500
SqFt
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About the Listing 509100 -
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.
Listing Highlights for 455-457 Somerset St W
Status
Active
Days on Site
83
Property Type
Commercial Sale
MLS ®
X12231113
Year Built
Total Square Footage
5,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 0
- Bathrooms: 7 Full
- Appliances:
- Air Cond: Partial
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $18,153
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
455-457 Somerset St W Ottawa Centre, ON K1R 5J7
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