455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
$2,240,000
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7, Ottawa Centre, ON
Bed 17
Bath 7
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.
Property Highlights
For Sale
MLS NO.
X12784444
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
17
Bathrooms
7
Parking
7.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12784444
Living Area Range
5000 +
Total Bedrooms
17
Bedrooms Above Grade
13
Bedrooms Below Grade
4
Total Bathrooms
7
Total Kitchens
6
Kitchens Above Grade
5
Kitchens Below Grade
1
Rooms Above Grade
29
Rooms Below Grade
8
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Construction
Brick, Wood
Roof
Asphalt Shingle
Lot Width
58.0
Lot Size Units
SquareFeet
Parking Total
7.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
North
Cooling
Other
Heat Source
Gas
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
City
Ottawa Centre
Neighbourhood
4102 - Ottawa Centre
County / Region
Ottawa
Province / State
ON
Postal Code
K1R 5J7
Cross Street
Somerset & Kent
Directions
From Kent Street, turn left on Somerset Street West, building has laneway before 455 and parking behind.
Country
CA
List Price
$2,240,000
Annual Taxes
$18,979
Tax Year
2025
Legal Description
LT 24, PL 15061 , N/S SOMERSET ST ; OTTAWA/NEPEAN
Possession Type
Flexible
Possession Details
TBD
Listing Office
SLEEPWELL REALTY GROUP LTD
Board
Ottawa Real Estate Board
Original Entry
2026-02-12T19:18:24Z
Media Updated
2026-04-14T11:04:40Z
Photos Updated
2026-04-14T11:04:40Z
Last Modified
2026-05-30T11:50:10Z
System Modified
2026-05-30T11:50:10.766195Z
MLS Status
Extension
Architectural Style
3-Storey
Basement
Full
Ddfyn
Yes
Expiration Date
2026-09-30
Foundation Details
Concrete Block
Heat Source Multi
Gas
Heat Type Multi
Radiant, Water
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
041200033
Parking Spaces
7
Public Remarks
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.
