49
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$2,240,000
Est. payment /mo
17 Beds
7 Baths
Active
455-457 Somerset ST W Ottawa Centre, ON K1R 5J7
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 4102 - Ottawa Centre
MLS Listing ID X12784444
Style 3-Storey
Bedrooms 17
Annual Tax Amount $18,979
Tax Year 2025
Property Sub-Type Multiplex
Property 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 $125,496.90, with a 5.60% 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.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Full
Kitchen 6
Separate Den/Office 4
Interior
Interior Features None
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 58.0
Lot Depth 112.5
Total Parking Spaces 7
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by SLEEPWELL REALTY GROUP LTD
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