455-457 SOMERSET STREET W - Photo 1 of 50, Ottawa, Ontario
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$2,240,000

455-457 SOMERSET STREET W — Ottawa, Ontario

K1R5J7

7Baths
5,500Sq Ft
6Parking

Listed by SLEEPWELL REALTY GROUP LTD

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. (id:63357)

Property Details

Property Type
Multi-Unit
Bathrooms
7
Living Area
5,500 sqft
Status
Active

Location & Neighborhood

What's nearby 455-457 SOMERSET STREET W

Lifestyle Summary

** Living at 455-457 Somerset Street West means embracing a lifestyle that combines convenience, community, and vibrancy. With essential amenities like gyms, pharmacies, and grocery stores just minutes away, daily errands become effortless. The neighborhood’s rich blend of cultural experiences and recreational options ensures that residents can enjoy a well-rounded lifestyle filled with both relaxation and activity. This area is not just a place to live; it’s a place to thrive.

🏘️Neighborhood Vibe

** Nestled in the heart of Ottawa, 455-457 Somerset Street West offers a vibrant urban atmosphere infused with community charm. The neighborhood is a delightful blend of historic character and modern convenience, making it a welcoming haven for residents of all ages. With an array of local shops, cozy cafes, and cultural spots, the area exudes an inviting energy that fosters a strong sense of belonging. **COMMUTER_SUMMARY:** Commuting from this prime location is a breeze, thanks to multiple bus stops within a short walking distance, including O’Connor / Lisgar just 174 meters away. Whether you're heading to work or exploring the city, public transit options are readily available to connect you to various destinations. For those who prefer cycling or walking, the neighborhood's pedestrian-friendly design makes it easy to navigate. **FAMILY_SUMMARY:** Families will appreciate the proximity of several well-regarded schools and childcare facilities, including Wellington Child Care Centre just 163 meters away and Elgin Street Public School a mere 287 meters from home. The abundance of nearby parks and playgrounds provides ample opportunities for children to play and explore. This family-friendly environment encourages community engagement, making it a wonderful place to raise children. **DINING_ENTERTAINMENT:** Food lovers will delight in the diverse dining options available just a stone's throw away, including Al Quadrato Resto and Pizza and East India Company, both just a short walk from your doorstep. From casual eateries to family-friendly restaurants, the culinary scene here caters to all tastes and occasions. Whether you’re grabbing a quick bite or enjoying a leisurely dinner, the variety of local flavors ensures there’s something for everyone. **OUTDOOR_RECREATION:** Outdoor enthusiasts will find plenty to love about the surrounding parks, such as Jack Purcell Park, located just 360 meters away, which offers green spaces for picnics, sports, and relaxation. With several unnamed parks and playgrounds within easy reach, there are ample opportunities for children and adults alike to enjoy the fresh air and engage in outdoor activities. The community’s dedication to green spaces enhances the overall quality of life. **OVERALL_LIFESTYLE:** Living at 455-457 Somerset Street West means embracing a lifestyle that combines convenience, community, and vibrancy. With essential amenities like gyms, pharmacies, and grocery stores just minutes away, daily errands become effortless. The neighborhood’s rich blend of cultural experiences and recreational options ensures that residents can enjoy a well-rounded lifestyle filled with both relaxation and activity. This area is not just a place to live; it’s a place to thrive.

🚗Commuting

** Commuting from this prime location is a breeze, thanks to multiple bus stops within a short walking distance, including O’Connor / Lisgar just 174 meters away. Whether you're heading to work or exploring the city, public transit options are readily available to connect you to various destinations. For those who prefer cycling or walking, the neighborhood's pedestrian-friendly design makes it easy to navigate. **FAMILY_SUMMARY:** Families will appreciate the proximity of several well-regarded schools and childcare facilities, including Wellington Child Care Centre just 163 meters away and Elgin Street Public School a mere 287 meters from home. The abundance of nearby parks and playgrounds provides ample opportunities for children to play and explore. This family-friendly environment encourages community engagement, making it a wonderful place to raise children. **DINING_ENTERTAINMENT:** Food lovers will delight in the diverse dining options available just a stone's throw away, including Al Quadrato Resto and Pizza and East India Company, both just a short walk from your doorstep. From casual eateries to family-friendly restaurants, the culinary scene here caters to all tastes and occasions. Whether you’re grabbing a quick bite or enjoying a leisurely dinner, the variety of local flavors ensures there’s something for everyone. **OUTDOOR_RECREATION:** Outdoor enthusiasts will find plenty to love about the surrounding parks, such as Jack Purcell Park, located just 360 meters away, which offers green spaces for picnics, sports, and relaxation. With several unnamed parks and playgrounds within easy reach, there are ample opportunities for children and adults alike to enjoy the fresh air and engage in outdoor activities. The community’s dedication to green spaces enhances the overall quality of life. **OVERALL_LIFESTYLE:** Living at 455-457 Somerset Street West means embracing a lifestyle that combines convenience, community, and vibrancy. With essential amenities like gyms, pharmacies, and grocery stores just minutes away, daily errands become effortless. The neighborhood’s rich blend of cultural experiences and recreational options ensures that residents can enjoy a well-rounded lifestyle filled with both relaxation and activity. This area is not just a place to live; it’s a place to thrive.

👨‍👩‍👧‍👦Family Living

** Families will appreciate the proximity of several well-regarded schools and childcare facilities, including Wellington Child Care Centre just 163 meters away and Elgin Street Public School a mere 287 meters from home. The abundance of nearby parks and playgrounds provides ample opportunities for children to play and explore. This family-friendly environment encourages community engagement, making it a wonderful place to raise children. **DINING_ENTERTAINMENT:** Food lovers will delight in the diverse dining options available just a stone's throw away, including Al Quadrato Resto and Pizza and East India Company, both just a short walk from your doorstep. From casual eateries to family-friendly restaurants, the culinary scene here caters to all tastes and occasions. Whether you’re grabbing a quick bite or enjoying a leisurely dinner, the variety of local flavors ensures there’s something for everyone. **OUTDOOR_RECREATION:** Outdoor enthusiasts will find plenty to love about the surrounding parks, such as Jack Purcell Park, located just 360 meters away, which offers green spaces for picnics, sports, and relaxation. With several unnamed parks and playgrounds within easy reach, there are ample opportunities for children and adults alike to enjoy the fresh air and engage in outdoor activities. The community’s dedication to green spaces enhances the overall quality of life. **OVERALL_LIFESTYLE:** Living at 455-457 Somerset Street West means embracing a lifestyle that combines convenience, community, and vibrancy. With essential amenities like gyms, pharmacies, and grocery stores just minutes away, daily errands become effortless. The neighborhood’s rich blend of cultural experiences and recreational options ensures that residents can enjoy a well-rounded lifestyle filled with both relaxation and activity. This area is not just a place to live; it’s a place to thrive.

🍽️Dining & Entertainment

** Food lovers will delight in the diverse dining options available just a stone's throw away, including Al Quadrato Resto and Pizza and East India Company, both just a short walk from your doorstep. From casual eateries to family-friendly restaurants, the culinary scene here caters to all tastes and occasions. Whether you’re grabbing a quick bite or enjoying a leisurely dinner, the variety of local flavors ensures there’s something for everyone. **OUTDOOR_RECREATION:** Outdoor enthusiasts will find plenty to love about the surrounding parks, such as Jack Purcell Park, located just 360 meters away, which offers green spaces for picnics, sports, and relaxation. With several unnamed parks and playgrounds within easy reach, there are ample opportunities for children and adults alike to enjoy the fresh air and engage in outdoor activities. The community’s dedication to green spaces enhances the overall quality of life. **OVERALL_LIFESTYLE:** Living at 455-457 Somerset Street West means embracing a lifestyle that combines convenience, community, and vibrancy. With essential amenities like gyms, pharmacies, and grocery stores just minutes away, daily errands become effortless. The neighborhood’s rich blend of cultural experiences and recreational options ensures that residents can enjoy a well-rounded lifestyle filled with both relaxation and activity. This area is not just a place to live; it’s a place to thrive.

🌳Outdoor Recreation

** Outdoor enthusiasts will find plenty to love about the surrounding parks, such as Jack Purcell Park, located just 360 meters away, which offers green spaces for picnics, sports, and relaxation. With several unnamed parks and playgrounds within easy reach, there are ample opportunities for children and adults alike to enjoy the fresh air and engage in outdoor activities. The community’s dedication to green spaces enhances the overall quality of life. **OVERALL_LIFESTYLE:** Living at 455-457 Somerset Street West means embracing a lifestyle that combines convenience, community, and vibrancy. With essential amenities like gyms, pharmacies, and grocery stores just minutes away, daily errands become effortless. The neighborhood’s rich blend of cultural experiences and recreational options ensures that residents can enjoy a well-rounded lifestyle filled with both relaxation and activity. This area is not just a place to live; it’s a place to thrive.

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

POI data updated 2/12/2026

Ottawa Market Snapshot

3,024

Active Listings

$665K

Median Price

0

Avg Days on Market

Last updated: Mar 7, 2026

Listed by

SLEEPWELL REALTY GROUP LTD

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$2,240,000