455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 (Somerset & Kent)

Price : $2,240,000.00 , MLS®# : X12784444

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 $122,631.90, with a 5.47% 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 Description

Somerset & Kent

Property Details
  • Community: 4102 - Ottawa Centre
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 17
  • Bath: 7
  • Garages: None
  • Annual Property Taxes : $ 18979
Building Features
  • Foundation Type: Concrete Block
  • Counstruction Material : Brick-Wood
  • Total Parking Space : 7
  • Parking Type : None
Building Features
  • Heating : RadiantGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 58 sq.ft
  • Land Depth: 112.5sq.ft

Listing Contracted With: SLEEPWELL REALTY GROUP LTD