$2,240,000
FOR SALE

Multiplex 3-Storey

Bedrooms: 17Bathrooms: 7Lot: 58 x 112.5 ft
2025 Taxes: $18,979

455-457 Somerset St W
Ottawa Centre, ON K1R 5J7 | 4102 - Ottawa Centre | 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. Vacant unit rent assumed in listed NOI.
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Listed By SLEEPWELL REALTY GROUP LTD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12784444
Last Updated May 30, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 041200033
Legal Description LT 24, PL 15061 , N/S SOMERSET ST ; OTTAWA/NEPEAN
Possession Date TBD
Taxes (2025) $18,979
Directions/Cross Streets Somerset & Kent
Neighbourhood 4102 - Ottawa Centre
Area Ottawa
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 17
Bathrooms 7
Lot 58 x 112.5 ft
Exterior Brick
Air Conditioning Other
Basement Full
Garage Type None
Parking Spaces 7
Heat Source Gas
Heat Type Radiant
Sewers Sewer

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

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