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$2,340,000
Available - For Sale
Listing ID: X12231113
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: $18,153
Tax Type: Annual
Occupancy by: Tenant
Address: 455-457 Somerset Stre West , Ottawa Centre, K1R 5J7, Ottawa
Postal Code: K1R 5J7
Province/State: Ottawa
Directions/Cross Streets: Somerset & Kent
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 5,500
Total Area Code:  Square Feet
 Management Expense: 8373
Maintenance: 0
Water Expense: $3293
Net Income Before Debt: $119151
Expenses Actual/Estimated: $Act
Sprinklers: No
Outside Storage: F
Heat Type: Other
Central Air Conditioning: Partial
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SLEEPWELL REALTY GROUP LTD

455-457 Somerset Stre West , Ottawa Centre, K1R 5J7, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4102 - Ottawa Centre
Style:
Lot Size: x 112.37(Feet)
Approximate Age:
Tax: $18,153
Maintenance Fee: $0
Beds: 0
Baths: 7
Garage: 0
Fireplace: N
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