About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12784612
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	5,500 sq ft
Beds / Baths	0 bed · 7 bath
Neighbourhood	4102 - Ottawa Centre
City	Ottawa Centre
Postal Code	K1R 5J7
Province	ON
Listed Date	February 12, 2026
Days on Market	175
Price per Sq Ft	$407
Brokerage	SLEEPWELL REALTY GROUP LTD