316 Somerset St E - Apartments FOR SALE


Ottawa, ON K1N 6W3- Downtown
$2,899,000 CAD
866-530-7737
316 Somerset St E, Ottawa, ON for Sale
$2,899,000 CAD
Apartments - FOR SALE
1/4
null | 4.54% Cap Rate

316 Somerset St E
Ottawa, ON K1N 6W3
Downtown


HIGHLIGHTS

  • Four spacious four-bedroom residential units plus a ground-floor commercial suite for diversified income.
  • Each unit offers stainless steel appliances, in-suite laundry, and separate hydro meters.
  • Modern finishes with energy-efficient systems including central air and gas-forced heating.

OVERVIEW

Prime mixed-use asset in sought-after Sandy Hill. Offering four spacious four-bedroom residential units and a ground-floor commercial space, this income-producing property combines strong tenant appeal with the flexibility of multiple revenue streams. Each unit features separate hydro meters, in-suite laundry, stainless steel appliances, air conditioning, and bright contemporary living spaces. Six covered bicycle spaces enhance convenience, while the central location-steps to shops, restaurants, schools, and transit-ensures enduring rental demand and long-term investment potential. Net Income $131,694.36/2025

FOR SALE DETAILS

PRICE

$2,899,000 CAD

PRICE/SF

$491 CAD /SF

# OF UNITS

4

PRICE/UNIT

$724,750

CAP RATE

4.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,604 SF

ZONING

R4

APN/PARCEL ID

061403150110700

ASK ABOUT THIS PROPERTY

Steve GabellinieXp RealtyMore Info
866-530-7737

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Steve GabellinieXp RealtyMore Info
866-530-7737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.