+44 more
17
Bedrooms
7
Bathrooms
5,500 sqft
Living Area
7
Parking
About This Property
This 17-bedroom, 7-bathroom multi-family in Ottawa offers 5,500 sqft of living area. 3 storeys. The property has lot dimensions of 58 x 112.5 FT. The home features radiant heat, not known, natural gas heating, partially air conditioned, a full basement. Highlights include a 6-car garage.
MLS Remarks
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:60351)
Inclusions
6 Fridges, 6 stoves, 3 dishwashers, 1 stacking set washer/dryer, 1 stacking set coin op washer/dryer, 1 combo washer/dryer.
Property History
MLS# X12784612| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Feb 12, 2026 | Listed For Sale | X12784612 | $2,240,000 | — |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
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