- 7 Bathroom
- 5,500 ft2
- Partially Air Conditioned
- Hot Water Radiator Heat
$2,240,000
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 $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. (id:50982)
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Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Details
| MLS® Number | X12784612 |
| Property Type | Multi-family |
| Neigbourhood | Centretown |
| Community Name | 4102 - Ottawa Centre |
| Parking Space Total | 6 |
| Bathroom Total | 7 |
| Appliances | Dishwasher, Dryer, Washer |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 5,500 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| 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 |
Map
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April 14 2026 11:52:46
Ottawa Real Estate Board
Sleepwell Realty Group Ltd