$1,219,000
279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7
Lower Town - Sandy Hill
- Bedrooms
- 7
- Bathrooms
- 4
- Parking
- 3
- Type
- Triplex
About this listing
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!
Property details
- Days on market
- 184 days
- Property taxes
- $9,755/yr
- Basement
- Full, Finished, Apartment
Payment calculator
- Mortgage amount
- $975,200
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12486659
Listed by ROYAL LEPAGE INTEGRITY REALTY
On market since Oct 28, 2025
Similar listings
About 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7
How much is 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7?
279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 is listed for $1,219,000 CAD.
How many bedrooms and bathrooms does 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 have?
279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 has 7 bedrooms and 4 bathrooms.
What type of property is 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7?
279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 is a Triplex.
What neighbourhood is 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 in?
279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 is in Lower Town - Sandy Hill, Ontario.
Is 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 for sale or for rent?
279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 is currently for sale.
What are the property taxes on 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7?
The annual property taxes on 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 are approximately $9,755 CAD.
How do I book a showing for 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7?
Contact Alex Morgan at +16471112222 to arrange a private showing of 279 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V7 (MLS# X12486659). You can also send a message through the contact form on this site.