$2,240,000
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
Ottawa Centre
- Bathrooms
- 7
- Square feet
- 5,500
- Type
- Investment
About this listing
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 details
- Price per sqft
- $407
- Days on market
- 109 days
- Property taxes
- $18,979/yr (2025)
- Lot size
- 57.95 × 112.37 Feet
- Heating
- Gas Hot Water
- Cooling
- Partial
Payment calculator
- Mortgage amount
- $1,792,000
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 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12784612
Listed by SLEEPWELL REALTY GROUP LTD
On market since Feb 12, 2026
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About 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
How much is 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7?
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is listed for $2,240,000 CAD.
How many bedrooms and bathrooms does 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 have?
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 has 7 bathrooms.
What type of property is 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7?
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is a Investment, 5,500 sq ft.
What neighbourhood is 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 in?
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is in Ottawa Centre, Ontario.
Is 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 for sale or for rent?
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is currently for sale.
How do I book a showing for 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7?
Contact Avi Hayev at +16471112222 to arrange a private showing of 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 (MLS# X12784612). You can also send a message through the contact form on this site.