455 Somerset St W - Apartments FOR SALE


Ottawa, ON K1R 5J7- Downtown
$2,420,000 CAD
613-521-2000

NO PHOTO

$2,420,000 CAD
Apartments - FOR SALE
null | 4.69% Cap Rate

455 Somerset St W
Ottawa, ON K1R 5J7
Downtown


HIGHLIGHTS

  • 6 unit complex
  • Exceptional investment opportunity
  • Walking distance to uOttawa and main/frequent transit lines
  • Located near amenities, restaurants, shopping, and entertainment
  • Walking distance to the Rideau Center

OVERVIEW

6-unit complex with 2 vacant units ready for your vision - Waiting for your clients’ renovations. Current NOI: $113,510 with amazing potential that you can easily unlock with transient tenants. Welcome to 455/457 Somerset an exceptional investment opportunity offering both comfort and significant income potential. This meticulously maintained building features six spacious units, each with a thoughtful layout designed to maximize living space and enhance tenant satisfaction. Set in a desirable location, this property not only promises higher income potential but also comes with the convenience of nearby amenities and excellent transport links. This is a must-see investment for anyone looking to expand their real estate portfolio with a property that combines comfort, style, and substantial financial returns. 24 hours notice required for tenants. NOI is projected from 4 actual and 2 vacant unit rents.

FOR SALE DETAILS

PRICE

$2,420,000 CAD

PRICE/SF

$440 CAD /SF

# OF UNITS

6

PRICE/UNIT

$403,333

CAP RATE

4.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam PearceSleepwell Property ManagementMore Info
613-521-2000

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Adam PearceSleepwell Property ManagementMore Info
613-521-2000

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