$2,240,000
FOR SALE

Investment

Lot: 57.95 x 112.37 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 X12784612
Last Updated Apr 02, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
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
Freestanding Y
Bathrooms 7
Lot 57.95 x 112.37 ft
Air Conditioning Partial
Garage Type None
Parking Spaces 6
Heat Type Gas Hot Water

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