455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
Ottawa Centre, ON, K1R 5J7 · 4102 - Ottawa Centre
About this property
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.
Features & Amenities
- Basement: Full
- Garage: None
- Cooling: Other
- Heat Type: Radiant
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick, Wood
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 17 |
| Bathrooms | 7 |
| Basement | Full |
| Garage | None |
| Parking Spaces | 7 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | Other |
| Sewer | Sewer |
| Annual Tax | $18,979 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick, Wood
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Full
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- Other
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 7
- Parking Total
- 7.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 112.50
- Lot Width
- 58.00
Financial & Tax
- Tax Annual Amount
- $18,979
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBD
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 29
- Rooms Below Grade
- 8
- Kitchens Above Grade
- 5
- Kitchens Total
- 6
- Bedrooms Above Grade
- 13
- Bedrooms Below Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Ottawa
- Cross Street
- Somerset & Kent
- Directions
- From Kent Street, turn left on Somerset Street West, building has laneway before 455 and parking behind.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7, Ottawa Centre, ON, K1R 5J7