ON > Ottawa Centre > 4102 - Ottawa Centre
Ottawa Centre, ON K1R 5J7,455-457 Somerset ST W
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Ottawa Centre, ON K1R 5J7,455-457 Somerset ST W
Ottawa Centre, ON K1R 5J7,455-457 Somerset ST W
Ottawa Centre, ON K1R 5J7,455-457 Somerset ST W
Ottawa Centre, ON K1R 5J7,455-457 Somerset ST W
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 2,340,000
Est. payment /mo
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Active

455-457 Somerset ST W Ottawa Centre, ON K1R 5J7

7 Baths

5,500 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $425

Subdivision 4102 - Ottawa Centre

MLS Listing ID X12231113

Annual Tax Amount $18,153

Tax Year 2024

Property Sub-Type Investment

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 $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.

Location

Province ON

County Ottawa

Community 4102 - Ottawa Centre

Area Ottawa

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 57.95

Lot Depth 112.37

Others

Security Features No

Listed by SLEEPWELL REALTY GROUP LTD
Jamie Black

Jamie Black

Sales Representative

+1(416) 496-9220

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455-457 Somerset ST W

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