Homes For Sale in Ottawa Central Area 2:
Centretown, Golden Triangle
455-457 SOMERSET STREET W
4102 - Ottawa Centre
Ottawa
K1R 5J7
$2,340,000
Multi-family
baths: 7.0
5,500 sq. ft.
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X12231113
- Bathrooms:
- 7
- Photos (32)
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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. (id:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Total Living Area:
- 5,500 sq. ft.511 m2
- Zoning:
- TM14
- Taxes:
- $18,153 / -
- Community:
- 4102 - Ottawa Centre
- Major Business Type:
- Residential
- Structure Type:
- Multi-Family
- Appliances Included:
- Washer, Dishwasher, Dryer
- Bathrooms:
- 7.0
- Cooling:
- Partially air conditioned
- Fireplace:
- No
- Heating:
- Other
- Water:
- Municipal water
- Lot Frontage:
- 57'1"17.4 m
- Lot Details:
- 57.95 x 112.37 FT
- Total Parking Spaces:
- 6
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Listed by SLEEPWELL REALTY GROUP LTD
Data was last updated July 3, 2025 at 08:15 AM (UTC)
- RITA FUNG
- KELLER WILLIAMS INTEGRITY REALTY
- 613-720-0808
- ritafung@kw.com
- Tamara Villanyi Bokor
- Keller Williams Integrity Realty
- 613-796-9436
- tamaratheagent@gmail.com

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