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$ 5,250,000
Est. payment | /mo
2,756 SqFt
$ 5,250,000
Est. payment | /mo
2,756 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,756 sqft
Price per Sqft $1,904
Subdivision 4004 - Sandy Hill
MLS Listing ID X12401676
Annual Tax Amount $30,000
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
Province ON
County Ottawa
Community 4004 - Sandy Hill
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 40.0
Lot Depth 70.0
Others
Virtual Tour https://my.matterport.com/show/?m=RY4xdoYN3k1&mls=1
Listed by SLEEPWELL REALTY GROUP LTD
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