$2,340,000
Available - For Sale
Listing ID: X12231113
455-457 Somerset Stre West , Ottawa Centre, K1R 5J7, Ottawa
| 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 $119,150.56, with a 5.1% 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. |
| Price | $2,340,000 |
| Taxes: | $18153.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 455-457 Somerset Stre West , Ottawa Centre, K1R 5J7, Ottawa |
| Postal Code: | K1R 5J7 |
| Province/State: | Ottawa |
| Directions/Cross Streets: | Somerset & Kent |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 5500.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 8373 |
| Water Expense: | $3293 |
| Net Income Before Debt: | $119151 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 7 |
| Outside Storage: | F |
| Heat Type: | Other |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SLEEPWELL REALTY GROUP LTD |
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Marjan Heidarizadeh
Sales Representative
Dir:
416-400-5987
Bus:
905-456-1000
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4102 - Ottawa Centre |
| Tax: | $18,153 |
| Baths: | 7 |
| Fireplace: | N |
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