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$2,240,000

Active
455-457 Somerset Street, Ottawa, ON· Ottawa Centre
13+4
Bedrooms
7
Bathrooms
5000 +
Sq Ft
$448
Per Sq Ft
7
None Parking

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About this 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 $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.

Listed by SLEEPWELL REALTY GROUP LTD · MLS# X12784444

Features & Details

Property details of 455-457 Somerset Street, Ottawa, ON

Property TypeMultiplex
Style3-Storey
Size5000 + sq ft
BasementFull
Total Parking7

Location

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Mortgage Calculator

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%
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Mortgage Payment$11,004/monthly
Principal54%
Interest46%
Principal Amount$1,792,000
Interest$1,509,334
Total Payable$3,301,334
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$11,004
Mortgage + Expenses$11,004
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$
$
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Monthly Cash Flow-$11,004

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
+1 (613) 804-9117ak@realtorakash.ca
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

$2,240,000

455-457 Somerset Street, Ottawa, ON