For Sale: 455-457 Somerset Street W, Ottawa, ON - REW
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$2,240,000
0 bd • 7 ba • 5500 sf • Multifamily
455-457 Somerset Street W
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$2,240,000
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455-457 Somerset Street WOttawa, ON, K1R 5J7

Centretown
  • 0 Bed
  • 7 Bath
  • 5500 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Adam Pearce, Salesperson, SLEEPWELL REALTY GROUP LTD

Home facts and features

Price details
List Price
$2,240,000
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Gross Taxes for 2026
$18,979
Home facts
Bedrooms
0
Full Bathrooms
7
Parking Spaces
6
Property Type
Multifamily
Depth
112.37 feet
Frontage
57.11 feet
Heating Type
Hot water radiator heat, Natural gas
Cooling
Partially air conditioned
Appliances
Dishwasher, Dryer, Washer
Community
Agent details
Primary Agent
Adam Pearce
Primary Broker
SLEEPWELL REALTY GROUP LTD
Listing details
Days on REW
120 Days
MLS® Number
X12784612
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Centennial Public School
  • Public
  • JK - 8
Glashan Public School
  • Public
  • 7 - 8
Cambridge Street Community Public School
  • Public
  • JK - 6
Elgin Street Public School
  • Public
  • JK - 6
Lisgar Collegiate Institute
  • Public
  • 9 - 12
St Anthony Elementary School
  • Catholic
  • JK - 6
Glebe Collegiate Institute
  • Public
  • 9 - 12
First Avenue Public School
  • Public
  • JK - 6
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
Immaculata School
  • Catholic
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Adam Pearce
Phone:
(613) 899-3008
Office:
613-521-2000
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.