Listed by Sleepwell Realty Group Ltd.

455-457 Somerset Street W is a Multiplex, 3-Storey and is currently for Sale @ $2,240,000. Taxes in 2025 were $18,979.00.

More homes for sale under 2.2M in Ottawa

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. The 3-Storey on 455-457 Somerset Street W has 13 bedrooms, 7 bathrooms, and is located on a 112.5 x 58 ft lot in the community of Ottawa Centre . 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.

6 Fridges, 6 stoves, 3 dishwashers, 1 stacking set washer/dryer, 1 stacking set coin op washer/dryer, 1 combo washer/dryer.

The address 455-457 Somerset Street W was listed for sale (MLS# X12784444) on Thursday, February 12, 2026.