279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7
Lower Town - Sandy Hill, ON, K1N 6V7 · 4004 - Sandy Hill
About this property
Exceptional Triplex in the Heart of Sandy Hill! A rare opportunity to own a fully leased, income-generating property in one of Ottawa's most desirable downtown neighbourhoods. This 3-storey triplex offers modern comfort, strong rental returns, and unbeatable location-perfect for investors or owner-occupiers alike. Each unit is self-contained with its own kitchen, full bathroom(s), and in-unit laundry, ensuring convenience and privacy for all tenants. Unit 1 (Main + Lower): 5-bedroom layout (3 on main, 2 below) with 2 full baths, shared kitchen and laundry, currently rented for $4,150/month. Unit 2 (Second Floor): Bright 2-bedroom + den apartment with full kitchen and laundry, ideal for professionals or students, rented for $1,800/month. Unit 3 (Third Floor): Spacious 2-bedroom unit featuring its own laundry and kitchen, bringing in $1,850/month including parking. Recent updates include a new A/C unit and owned hot water tank (2023). Three on-site parking spaces add further appeal. The property generates an impressive annual gross income of $93,600, with net income of $74,530 (after expenses) - a truly turn-key investment. Landlord pays for the utilities. Most units are available fully furnished, offering flexible options for short-term or long-term rentals. With steady leases signed within the past year and its proximity to Ottawa U, downtown amenities, and the Rideau Canal, this triplex combines strong cash flow with long-term growth potential. A solid investment in a prime downtown location. Don't miss it!
Features & Amenities
- Basement: Full, Finished, Apartment
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 3-Storey |
| Bedrooms | 7 |
| Bathrooms | 4 |
| Lot Size | 2,952 Feet |
| Basement | Full, Finished, Apartment |
| Garage | None |
| Parking Spaces | 3 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $9,755 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Water Heater Owned
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Full, Finished, Apartment
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 3
- Parking Total
- 3.00
- Parking Features
- Available
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 2952.00
- Lot Size Units
- Feet
- Lot Depth
- 72.00
- Lot Width
- 41.00
Financial & Tax
- Tax Annual Amount
- $9,755
- Tax Year
- 2025
- Possession Type
- 60-89 days
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 7
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 7
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Ottawa
- Cross Street
- Somerset St E & Sweetland Ave
- Directions
- STEPS FROM OTTAWA U - Laurier East, then south on King Edward or Range to Somerset East. Property is between Sweetland and Russell.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7, Lower Town - Sandy Hill, ON, K1N 6V7