Royal LePage Maximum Realty Brokerage

Greater Toronto Real Estate Listings

Brokerage Services For MLS Property listings in Greater Toronto

Brokerage Services For MLS Property listings in Greater Toronto

RLP Maximum
7694 Islington Ave, 2nd Floor Suite 220
Vaughan, ON L4L 1W3
Tel: (905) 856-7514

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455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7

Property For Sale | X12784612Sale

Listing ID: X12784612
$2,240,000
7 Bathrooms
Listing ID #X12784612
Property Description

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.

Basic Details
Listing ID : X12784612
Listing Type : Sale
Price : $2,240,000
Bathrooms : 7
Status : Active
Property Sub Type : Investment
Map
Address Map
455-457
Somerset
US
ON
Ottawa
Ottawa Centre
K1R 5J7
Street
From Kent Street, turn left on Somerset Street West, building has laneway before 455 and parking behind.
W
TM14
Property Area
4102 - Ottawa Centre
Features
: Partial
: Yes
Additional Information
5500
Apts - 6 To 12 Units
Financial
18979.0
Listing Information
Extension
2026-05-30T11:49:52Z
TRREB

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