455-457 SOMERSET STREET W
Ottawa · K2P0G7
$2,240,000
About this residence
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. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Other
- Bedrooms
- 17 (13 above, 4 below)
- Bathrooms
- 7 (1 half)
- Storeys
- 3
- Living area
- 5,000–100,000 sq ft
- Lot size
- 58 x 112.5 FT
- Frontage
- 58 feet
- Parking
- 7 spaces
- Annual tax
- $18,979
- MLS®
- X12784444
- Board
- Ottawa
- Status
- Active
- Listed
- Feb 12, 2026
- Updated
- May 24, 2026
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Stove
Heating
- Radiant heat
- Natural gas
Basement
- Full
Exterior
- Brick
- Wood
Foundation
- Block
Parking
- No Garage
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$10,476/mo
Loan amount
$1,792,000
Down payment
$448,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Ottawa
Nearby
About the area
Census · K2P- 18,825
- Population
- 34
- Median age
- $66,500
- Median income
- $500,000
- Median home value
- 19%
- Home ownership
- 22 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 455-457 SOMERSET STREET W?
455-457 SOMERSET STREET W is listed for $2,240,000, in Ottawa.
How many bedrooms and bathrooms does 455-457 SOMERSET STREET W have?
It offers 17 bedrooms and 7 bathrooms (including 1 half-bath).
What type of home is 455-457 SOMERSET STREET W?
455-457 SOMERSET STREET W is a Multi-family, Other set over 3 storeys.
How large is 455-457 SOMERSET STREET W?
The home offers approximately 5,000–100,000 sq ft of living space on a lot measuring 58 x 112.5 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $10,476. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $18,979 per year.
Is there parking?
Yes — 455-457 SOMERSET STREET W includes 7 parking spaces.
What is the Ottawa area like?
Ottawa has a population of about 18,825, a median age of 34, a 19% home-ownership rate, with an average commute of about 22 minutes.
What is the average home value in Ottawa?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Ottawa?
The median household income in this area is approximately $66,500.
Similar residences
Comparable Other near Ottawa at a similar price.
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