455-457 Somerset Street W, Ottawa Centre

$2,240,000
ActiveFor Sale17 Beds · 7 Baths · Ottawa Centre, ON K1R 5J7

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455-457 Somerset Street W, Ottawa Centre

$2,240,000

455-457 Somerset Street W

455-457 Somerset Street W, Ottawa Centre

Downtown Core, Ottawa Centre, ON

For Sale

Monthly est.

$12,018/mo

0 beds
7 baths
5,500 sqft

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.

InvestmentInvestment1 days ago

Listed with Logistate Advisor

121 Macdonald Street, Ottawa Centre

$1,799,000

121 Macdonald Street

121 Macdonald Street, Ottawa Centre

Cedar Heights, Ottawa Centre, ON

For Sale

Monthly est.

$9,652/mo

4 beds
4 baths
2500-3000 sqft

Exceptional urban residence in prestigious Golden Triangle. This property represents exceptional value considering today's market conditions. With land acquisition & construction costs exceeding the home's asking price, this is a rare opportunity to secure a property at a price that would be difficult to replicate through new development. Ideal for buyers who recognize the long-term advantages of purchasing vs. building in the current environment. Built in '07, this property, distinguished by its sophisticated design, generous scale, & premium features is rarely found in this area. Filled with natural light, heated floors on all levels, including the garage, providing discreet luxury & year-round comfort. Two-car garage with additional two-car driveway, uniquely suited for embassy use, executive households, or automobile enthusiasts. Located moments from the Rideau Canal & a short walk to Elgin St's fine dining, boutiques, & cultural institutions, the home offers both tranquility & immediate access to Ottawa's diplomatic, governmental, & commercial core. Private east and west-facing balconies extend from the primary & guest bedrooms, offers serene outdoor spaces for morning & evening enjoyment. The second-floor loft offers flexibility to convert to an additional bedroom, private office, or formal sitting room. A well-appointed bedroom on the same level features a cheater ensuite bath, ideal for guests or family members. The foundation is Insulated Concrete Forming (ICF) which offers energy savings of 20-50% and provides a natural vapour barrier for superior comfort. The full height lower level, complete with fireplace, adds to living space suitable for entertaining, a private guest suite, or secure staff accommodations. With its intelligent layout, abundant parking, privacy, security, & walkable access to the City's most celebrated amenities, this home effortlessly meets the demands of buyers seeking comfort, discretion, & proximity to Ottawa's cultural landmarks.

HouseDetached3 days ago

Listed with Logistate Advisor

307 Gilmour Street, Ottawa Centre

$2,649,000

307 Gilmour Street

307 Gilmour Street, Ottawa Centre

Cedar Heights, Ottawa Centre, ON

For Sale

Monthly est.

$14,212/mo

0 beds
0 baths
6,863 sqft

Prime Downtown Ottawa Office Building for Sale. An exceptional opportunity for an owner-user or investor in the heart of downtown Ottawa. This standalone office building will be delivered vacant on closing as the current owner-occupier is relocating. The property is zoned for a wide range of commercial uses including diplomatic missions and medical offices, and also presents an excellent urban redevelopment opportunity. Existing zoning permits a building height of up to 23 meters, allowing for a mixed-use residential mid-rise with ground-floor retail. The building is BOMA-certified with 6,863 sq. ft. of usable/rentable area on a generously sized lot featuring 11 parking spaces. The main floor offers 1,701 sq. ft. with a reception area, boardroom, six enclosed offices, and a washroom. The second floor measures 2,029 sq. ft. and includes eight enclosed offices, an open bullpen area, and a washroom. The third floor includes four offices, a kitchenette, and access to the flat roof.Ideally situated within walking distance of the Elgin Street Courthouse, City Hall, and Parliament Hill, the property offers unbeatable accessibility. With a Walk Score of 100, Transit Score of 87, and Bike Score of 99, it is one of Ottawa's most connected urban addresses. Whether you are seeking a turn- key office building or a prime redevelopment site, this property offers exceptional potential and flexibility.

OfficeOffice4 days ago

Listed with Logistate Advisor

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