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
Bath 7
5500.0 sqft
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.
X12784612
Type
Commercial
Sub Type
Investment
Bathrooms
7
Square Footage
5500.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12784612
Total Bathrooms
7
Security Features
No
Lot Width
57.95
Garage Type
None
Cooling
Partial
Heat Type
Gas Hot Water
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.
List Price
$2,240,000
Annual Taxes
$18,979
Tax Year
2025
Possession Type
Flexible
Possession Details
TBD
Listing Office
SLEEPWELL REALTY GROUP LTD
Board
Ottawa Real Estate Board
Original Entry
2026-02-12T19:49:12Z
Media Updated
2026-04-14T11:04:07Z
Photos Updated
2026-04-14T11:04:07Z
Last Modified
2026-05-30T11:49:52Z
System Modified
2026-05-30T11:49:52.587947Z
MLS Status
Extension
Ddfyn
Yes
Expiration Date
2026-09-30
Heat Type Multi
Gas Hot Water
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
6
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.
