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255 SOMERSET STREET E - MLS® # X12401676

$5,250,000

Property Details

Living Area
2,756 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
Bldg=40 x 70 FT
Taxes
N/A
Type
Multi-Family
Style
N/A
Basement
Year Built
N/A

Description

Outstanding investment opportunity in Sandy Hill, just steps from the University of Ottawa. 255 Somerset Street East is a fully renovated multi-residential property featuring 23 furnished rental units, each with a private bathroom, fridge, and full set of furnishings. The all-inclusive rental model continues to attract strong demand from students and young professionals seeking reliable, convenient living. The building was completely retrofitted in 2025 with upgraded infrastructure, modern finishes, and added tenant-focused amenities, making it a standout choice for off-campus housing. The property generates a gross annual revenue of $404,368 with a Net Operating Income of $294,256, translating to a solid 5.5% cap rate at current performance. Tenants enjoy exceptional convenience with a 93 Walk Score, 84 Transit Score, and 94 Bike Score, placing them within easy reach of campus, grocery stores, cafés, restaurants, pubs, and fitness amenities. The thoughtful retrofit and all-inclusive rental model not only maximize income but also create an appealing, worry-free housing solution for tenants, reducing vacancy risk and ensuring consistent occupancy. With strong cash flow, brand-new systems and finishes, and an unbeatable location in the heart of Sandy Hill, 255 Somerset Street East offers investors a turnkey, high-performing property that combines modern living standards with long-term appreciation potential. (id:2469)

Listing Provided By

SLEEPWELL REALTY GROUP LTD

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CONTACT

Real Estate Listing provided by
  • Name:
    Lucas Smith
  • Phone:
    613-447-6037
  • Mobile:
    613-447-6037
  • Address
    • EXP REALTY 424 CATHERINE ST, UNIT 200
    • Ottawa, ON
    • K1R5T8
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