455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
Ottawa Centre
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7
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MLS# X12784444
Listed by SLEEPWELL REALTY GROUP LTD
On market since Feb 12, 2026
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is listed for $2,240,000 CAD.
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 has 17 bedrooms and 7 bathrooms.
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is a Multiplex.
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is in Ottawa Centre, Ontario.
455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 455-457 Somerset Street W, Ottawa Centre, ON K1R 5J7 (MLS# X12784444). You can also send a message through the contact form on this site.
