455-457 SOMERSET STREET W

Key facts

• Property type: Multi-family
• Structure: Other
• Transaction: For Sale
• Price: $2,240,000
• Bedrooms: 17
• Bathrooms: 7
• Lot size: 58 x 112.5 FT
• Parking: 7
• Listing key: 29355425

Listing overview

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 class="container" id="details-container"25,496.90, 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 wil...