455-457 SOMERSET STREET W
Ottawa, Ontario
MLS® X12784444
$2,240,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12784444
- Bedrooms
- 17
- Bathrooms
- 7
- Year built
- —
1 / 49Listing 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.
Property summary
- MLS® number
- X12784444
- Property type
- Multi-family
- Building type
- Other
- Land size
- 58 x 112.5 FT
- Annual property taxes
- $18,979.00
- Parking
- 7 spaces · No Garage
- Days on market
- 217 days
Features & details
- Heating
- Radiant heat, Natural gas
- Basement
- Full
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
- Exterior features
- Wood, Brick
What would this home cost you?
Based on the $2,240,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SLEEPWELL REALTY GROUP LTD, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.