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$2,240,000
Ontario,Ottawa
For Sale Active
455-457 SOMERSET STREET W, Ottawa, Ontario K1R5J7
  • 7
  • 5,500 Sqft
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Basic Details
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 $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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12784612
  • Price: $2,240,000
  • Bathrooms: 7
  • Square Footage: 5,500 Sqft
  • Status: Active
  • Office Name: SLEEPWELL REALTY GROUP LTD
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 295233
Features & Appliances
Features
  • Heating System: Natural gas, Hot water radiator heat
  • Cooling System: Partially air conditioned
Address Map
  • Location: CA, Ontario, Ottawa, K1R5J7
  • Street: Somerset
  • Street Number: 455-457
  • Street Suffix: Street
  • Longitude: W76° 18' 24''
  • Latitude: N45° 24' 59.8''
  • Street Dir Suffix: West
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: 57.95 x 112.37 FT
Financial
  • Tax Annual Amount: 18979
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Listing updated: 2026-03-09 10:30:59
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Listing Information
  • List Agent Key: 1921575
  • List Office Key: 295233
  • Modification Timestamp: 2026-03-07T13:00:28Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-03-07T12:53:12Z
Powered by REALTOR.ca
Listing updated: 2026-03-09 10:30:59
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