$2,240,000
24.05 BTC
Photos
455-457 Somerset Street, Ottawa Centre
$2,240,000
PRICE
13 + 4
BEDROOMS
7
BATHROOMS
X12784444
MLSID

455-457 Somerset Street, Ottawa Centre

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.
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Summary

Address
455-457 Somerset Street
MLSID
X12784444
Property Type
Multiplex
Property Category
Bedrooms
13 + 4
Bathrooms
7
Kitchens
5 + 1
Taxes (Annual)
$18,979.00
Tax Year
2025
Published
February 12, 2026
Days on Market
102 Days
Possession Type
Flexible
Possession Details
Tbd
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Inclusions

6 Fridges, 6 stoves, 3 dishwashers, 1 stacking set washer/dryer, 1 stacking set coin op washer/dryer, 1 combo washer/dryer.

Exclusions

Tenant belongings

Details

Bathroom 1
2-Piece Lower Level
Bathroom 2
4-Piece Upper Level
Basement
Full
Interior Features
None
Parking Spaces
7
Parking Total
7
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick, Wood
Lot Width
58 Feet
Lot Depth
112 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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