6-unit complex with 2 vacant units ready for your vision - Waiting for your clients' renovations. Current NOI: $113,510 with amazing potential that you can easily unlock with transient tenants. Welcome to 455/457 Somerset an exceptional investment opportunity offering both comfort and significant income potential. This meticulously maintained building features six spacious units, each with a thoughtful layout designed to maximize living space and enhance tenant satisfaction. Set in a desirable location, this property not only promises higher income potential but also comes with the convenience of nearby amenities and excellent transport links. This is a must-see investment for anyone looking to expand their real estate portfolio with a property that combines comfort, style, and substantial financial returns. 24 hours notice required for tenants. NOI is projected from 4 actual and 2 vacant unit rents. |
Price | $2,420,000 |
Taxes: | $18153.00 |
Occupancy by: | Tenant |
Address: | 455/457 SOMERSET St West , Ottawa Centre, K1R 5J7, Ontario |
Postal Code: | K1R 5J7 |
Province/State: | Ontario |
Legal Description: | LT 24, PL 15061 , N/S SOMERSET ST ; OTTA |
Lot Size: | 57.95 x 112.37 (Feet) |
Directions/Cross Streets: | ON SOMERSET BETWEEN KENT AND LYON |
Category: | Apartment |
Building Percentage: | Y |
Total Area: | 0.00 |
Total Area Code: | Sq Ft |
Insurance Expense: | $8481 |
Water Expense: | $3293 |
Gross Income/Sales: | $153451 |
Net Income Before Debt: | $113510 |
Expenses Actual/Estimated: | $Act |
Heat Type: | Water Radiators |
Sewers: | San+Storm |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
SLEEPWELL REALTY GROUP LTD |
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Type: | Com - Investment |
Area: | Ottawa |
Municipality: | Ottawa Centre |
Neighbourhood: | 4102 - Ottawa Centre |
Lot Size: | 57.95 x 112.37(Feet) |
Tax: | $18,153 |
Maintenance Fee: | $3,500 |