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$ 2,240,000
Est. payment | /mo
17 Beds
7 Baths
5,000 SqFt
$ 2,240,000
Est. payment | /mo
17 Beds
7 Baths
5,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Square Footage 5,000 sqft
Price per Sqft $448
Subdivision 4102 - Ottawa Centre
MLS® Listing ID X12784444
Bedrooms 17
Half Baths 1
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. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat, Not known
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 7
Garage No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by SLEEPWELL REALTY GROUP LTD