455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
$2,240,000 For Sale
Sale
Investment
11 days ago
Updated: 2026-02-12
Overview
Investment
0
7
6
112.37 x 57.95
N/A
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 $122,631.90, with a 5.47% 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.
Details
X12784612
6
$2,240,000
Tenant
Apts - 6 To 12 Units
5500 Square Feet
112.37 x 57.95 Feet
N/A N/A
N/A
Investment
Sale
Additional details
Gas Hot Water /
None
TM14
$18979
2025
18979.07
4500
N
Partial
Municipal
Schools Nearby
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FAQ
What is the total square footage of the X12784612 - 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7?
The total square footage of this property is Unknown.
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