17 Bed, 7 Bath Multi-Family for Sale in Ottawa – 455-457 SOMERSET STREET W, Ottawa – MLS# X12784444

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$2,240,000

455-457 SOMERSET STREET W, Ottawa

17 Beds • 7.0 Baths • Multi-Family
MLS# X12784444
  • Multi-Family
  • Spacious 17-bedroom layout
  • Ottawa location
613-369-5199

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About This Property

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:66401)

Property Details

Bedrooms 17
Bathrooms 7.0
Property Type Multi-Family

Location

455-457 SOMERSET STREET W, Ottawa, Ontario, K1R5J7

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14 Chamberlain Ave. #101, Ottawa, ON K1S 1V9

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