$5,750,000
FOR SALE

Investment

Lot: 43.25 x 100 ftTotal Area: 4,306 ft2
2023 Taxes: $24,035Maintenance Fees: $23,946

308-312 Somerset St E
Ottawa, ON K1N 6W1

Welcome to 308-312 Somerset Street East! This is a great multi-use investment opportunity located downtown, which is steps from the new LRT and Ottawa University. The building consists of 4 x 5 bedroom units; 2 x 4 bedroom units; 1 x 2bedroom units and 1 commercial tenant on a 5-year lease. The property is separately metered; fully furnished; units are all-inclusive rents; digital locks and cameras for extra security.
Share
Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8346418
Last Updated May 16, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 042050097
Legal Description LT 18, PL 46666 ; T/W N732067 ; OTTAWA/NEPEAN
Occupancy Tenant
Possession Date TBD
Taxes (2023) $24,035
Tax Type Annual
Maintenance Fees $23,946
Directions/Cross Streets Chapel Street And Somerset Street E
Neighbourhood Ottawa
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
Lot 43.25 x 100 ft
Total Area 4,306 ft2
Air Conditioning Y
Garage Type None
Heat Type Gas Forced Air Open
Gross Income/Sales $384,900
Net Income Before Debt $384,900
Hydro Expense $967
Water Expense $3,207
Heat Expenses $18,000
Insurance Expense $5,430
Management Expense $11,000
Operating Expenses $94,704
Taxes Expense $24,035
Other Expenses $3,831
Year Expenses $2,023
Expenses Actual/Estimated Est
Outside Storage N
Area Influences Public Transit, Rec Centre
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning R4UB[480]-c
Seller Property Info Statement N

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.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)