$ 2,240,000
455-457 Somerset Street W
455-457 Somerset Street W, Ottawa, ON K1R5J7 Photo 1
49 Photos
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455-457 Somerset Street W, Ottawa

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. (id:1945)
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Property details for 455-457 Somerset Street W, Ottawa

Type
Multi-family
Bedrooms
17
Bathrooms
7
Living Area
5,500 square feet
Lot Size
58 x 112.5 FT
Stories
3
Basement
Full
Parking
No Garage
Heating
Radiant heat, Natural gas
Exterior
Wood, Brick
Annual Taxes
$18,979 (2025)

Nearby Listings Stat

Estimated price and comparable properties near 455-457 Somerset Street W

Active Listings
2
Min Price
$2,240,000
Max Price
$2,240,000
Avg Price
$2,240,000
Days on Market
221
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Price History

Listed
February 12, 2026
by SLEEPWELL REALTY GROUP LTD
Current Price
$2,240,000
Type
Multi-family
For Sale
455-457 Somerset Street W

Contact Agent Get in touch about 455-457 Somerset Street W, Ottawa

Adam Pearce
Adam Pearce
SLEEPWELL REALTY GROUP LTD

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