455-457 SOMERSET STREET W, Ottawa
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. Vacant unit rent assumed in listed NOI. (id:25961)
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Details
- Parking Spaces: 7
- Transaction: For sale
Building
- Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator
- BasementType: Full
- Bedrooms Main Level: 13
- Bedrooms Lower Level: 4
- Exterior Finish: Brick, Wood
- Fireplace Present: False
- Foundation: Block
- Bathrooms (Half): 1
- Bathrooms (Total): 7
- Heating: Radiant heat, Not known
- Heating Fuel: Natural gas
- Size Interior: 5000 - 100000 sqft
- Stories Total: 3
- Type: Other
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 112 ft ,6 in
- Size Frontage: 58 ft
- Size Irregular: 58 x 112.5 FT
This property for sale is located at 455-457 SOMERSET STREET W in Ottawa. It was last modified on April 14th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
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