455-457 Somerset Street

Ottawa Centre K1R 5J7

$2,340,000

About the 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 $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.

Extra info

Na

Property Details

Property Type:

Apartment

Land Size:

57.95 x 112.37 FT

Water Included:

N

Garage Type:

None

Annual Property Taxes:

$18,153

Cross Street:

Somerset & Kent

Freestanding:

Y

Status:

For Sale

Community:

4102 - Ottawa Centre

Use:

Apts - 6 To 12 Units

Listing ID:

X12231113

Price History

Date

19th June 2025

Event

Listed For Sale

Price

$2,340,000

Time On Market

1 day

Harpreet Rakhra

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    Harpreet Rakhra

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