$2,240,000
( $407.27Per Sq Foot )
 $12,025 est/mo Sourced by Back At You

455-457 Somerset Street W,Ottawa Centre, ON K1R 5J7

Ottawa Centre, ON K1R 5J7

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Description

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.

Details

MLS #X12784612
Listing TypeFor Sale
Sub-TypeResale
StatusExtension
Year0
Days On Site212
Listing Provided BySLEEPWELL REALTY GROUP LTD | X12784612 509100

Features

Bath(s)7
SQ Feet5,500
Acreage0.13

Interior

CoolingPartial

Exterior

Security FeaturesNo

Utilities

UtilitiesYes

Taxes

Tax Annual Amount18979
Tax TypeAnnual
Tax Year2025

Area Information

ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK1R 5J7
Area4102 Ottawa Centre
Listing VS Median (in K1R 5J7)
Price:
$2,240,000
low | high
Med:
$2,240,000
50% of Average
sqft:
5,500
low | high
Med:
5,500
50% of Average
$ / sqft:
$407
low | high
Med:
$407
50% of Average
On site:
212
low | high
Med:
212
100% of Average
Sourced by Back At You

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Additional Information

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

Contact

Learn More About This Property

Priya Ramnarine

Priya Ramnarine

Coldwell Banker The Real Estate Centre

 (647) 272-7279priya.ramnarine@wearetrec.com
ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK1R 5J7
Area4102 Ottawa Centre
Listing VS Median (in K1R 5J7)
Price:
$2,240,000
low | high
Med:
$2,240,000
50% of Average
sqft:
5,500
low | high
Med:
5,500
50% of Average
$ / sqft:
$407
low | high
Med:
$407
50% of Average
On site:
212
low | high
Med:
212
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.68M - $2.8M
sqft: 4,000 - 6,500
Nearby Listings Property ImageNearby Listings Details
475 MacLaren Street Property Photo 1
$1,696,000
475 Maclaren Street
Ottawa Centre, ON K1R 5K5
Listing Updated: August 20, 2026 at 6:49:59 AM PDT

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Priya Ramnarine

3485B Kingston Road
Toronto, Ontario M1M 1R4
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.
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