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455 Somerset St W
6 Unit Apartment Building $2,420,000 CAD ($403,333 CAD/Unit) 4.69% Cap Rate Ottawa, ON K1R 5J7
Investment Highlights
- 6 unit complex
- Walking distance to uOttawa and main/frequent transit lines
- Walking distance to the Rideau Center
- Exceptional investment opportunity
- Located near amenities, restaurants, shopping, and entertainment
Executive Summary
6-unit complex with 2 vacant units ready for your vision - Waiting for your clients’ renovations. Current NOI: $113,510 with amazing potential that you can easily unlock with transient tenants. Welcome to 455/457 Somerset an exceptional investment opportunity offering both comfort and significant income potential. This meticulously maintained building features six spacious units, each with a thoughtful layout designed to maximize living space and enhance tenant satisfaction. Set in a desirable location, this property not only promises higher income potential but also comes with the convenience of nearby amenities and excellent transport links. This is a must-see investment for anyone looking to expand their real estate portfolio with a property that combines comfort, style, and substantial financial returns. 24 hours notice required for tenants. NOI is projected from 4 actual and 2 vacant unit rents.
Property Facts
| Price | $2,420,000 CAD | Property Type | Multifamily |
| Price Per Unit | $403,333 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Building Size | 5,500 SF |
| Cap Rate | 4.69% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1955 |
| Price | $2,420,000 CAD |
| Price Per Unit | $403,333 CAD |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 5,500 SF |
| No. Stories | 3 |
| Year Built | 1955 |
Unit Amenities
- Balcony
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (88)
Bike Score ®
Biker's Paradise (99)
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455 Somerset St W
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