316 Somerset St E - Apartments FOR SALE


Ottawa, ON K1N 6W3- Downtown
$2,999,900 CAD
866-530-7737
316 Somerset St E, Ottawa, ON for Sale
$2,999,900 CAD
Apartments - FOR SALE
1/1
null | 4.8% Cap Rate

316 Somerset St E
Ottawa, ON K1N 6W3
Downtown


OVERVIEW

4.8% cap rate unit 30% expenses at List Price. Building is now fully leased with Leases in hand at 3400+3400+3350+3200+4200=$17550 = $210,600 GOI! BRAND NEW MULTI UNIT building in Sandy Hill. This building has 4 residential units and 1 commercial space. 4 x 4 Bedroom units and Ground Floor Commercial unit. Expenses have been estimated at 30% of GOI. All units have separate hydro meters, in-unit laundry, SS appliances, 6 covered bicycle parking spaces and AC. Each unit offers spacious, modern, layouts, overflowing with natural light. Fantastic central location close to Shops, restaurants, schools and transit.

FOR SALE DETAILS

PRICE

$2,999,900 CAD

PRICE/SF

$1,500 CAD /SF

# OF UNITS

4

PRICE/UNIT

$749,975

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,604 SF

ZONING

R4

APN/PARCEL ID

061403150110700

ASK ABOUT THIS PROPERTY

Steve AlexopoulosMetroCity Property GroupMore Info
866-530-7737

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Steve AlexopoulosMetroCity Property GroupMore Info
866-530-7737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.