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$2,420,000
Available - For Sale
Listing ID: X9517156
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: $18,153
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
Zoning: TM14
Category: Apartment
Insurance Expense: $8481
Water Expense: $3293
Gross Income/Sales: $153451
Net Income Before Debt: $113510
Heat Type: Water
Sewers: Sewers
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SLEEPWELL REALTY GROUP LTD

455/457 SOMERSET St West , Ottawa Centre, K1R 5J7, Ontario


 
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Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4102 - Ottawa Centre
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Lot Size: 57.95 x 112.37(Feet)
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Tax: $18,153
Maintenance Fee: $0
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