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455/457 SOMERSET STREET W, Ottawa, Ontario, K1R 5J7

MLS® # 1401651
Investment For Sale In Centretown, Ottawa, Ontario
$2,500,000
455/457 Somerset Street W, Ottawa, ON - Outdoor With Facade
455/457 Somerset Street W, Ottawa, ON - Outdoor With Facade
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Laundry Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Bathroom
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Living Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen With Double Sink
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Bathroom
455/457 Somerset Street W, Ottawa, ON - Indoor
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Bedroom
455/457 Somerset Street W, Ottawa, ON - Outdoor
455/457 Somerset Street W, Ottawa, ON - Outdoor
455/457 Somerset Street W, Ottawa, ON - Outdoor With Facade
455/457 Somerset Street W, Ottawa, ON - Other
455/457 Somerset Street W, Ottawa, ON - Other
455/457 Somerset Street W, Ottawa, ON - Other
455/457 Somerset Street W, Ottawa, ON - Other
455/457 Somerset Street W, Ottawa, ON - Outdoor With Facade
455/457 Somerset Street W, Ottawa, ON - Outdoor With Facade
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Laundry Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Bathroom
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Living Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen With Double Sink
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Other Room
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Bathroom
455/457 Somerset Street W, Ottawa, ON - Indoor
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Kitchen
455/457 Somerset Street W, Ottawa, ON - Indoor Photo Showing Bedroom
455/457 Somerset Street W, Ottawa, ON - Outdoor
455/457 Somerset Street W, Ottawa, ON - Outdoor
455/457 Somerset Street W, Ottawa, ON - Outdoor With Facade
455/457 Somerset Street W, Ottawa, ON - Other
455/457 Somerset Street W, Ottawa, ON - Other
455/457 Somerset Street W, Ottawa, ON - Other
455/457 Somerset Street W, Ottawa, ON - Other
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Home Insurance - TD Insurance
Get a home insurance quote online for this $2,500,000 property in Ottawa
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $2,500,000 property in Ottawa

Provided by TD Insurance
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ACTIVE
455/457 SOMERSET STREET W, Ottawa, Ontario, K1R 5J7
$2,500,000

Property Information:

Current NOI: $106,451 with amazing potential that you can easily unlock with transient tenants. Opportunity to renovate 5 of 6 suites and unlock the properties true potential. 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. (id:27)

Building Features:

  • Style: Multiplex
  • Exterior Finish: Brick, Wood
  • Heating Type: Forced air, Hot water radiator heat
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 112.3 Feet
  • Lot Frontage: 57.9 Feet
  • Lot Size: 57.95 ft X 112.37 ft
  • Zoning: TM14
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 6

Courtesy of: SLEEPWELL REALTY GROUP LTD

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 455/457 SOMERSET STREET W, Ottawa, Ontario, K1R 5J7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: High

31 hot days expected in 2050

48/100

High

ClimateCheck®

Current data

This property, 455/457 SOMERSET STREET W , experiences 7 hot days per year at around 31.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.2℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 455/457 SOMERSET STREET W , experiences 11 significant 2-day storms per year, with about 319.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.5mm of precipitation per year.

Precipitation Per Storm

Past
319.2mm
2050
408.5mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 455/457 SOMERSET STREET W, Ottawa, Ontario, K1R 5J7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$124,651.07

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.51 %

High school certificate or equivalent

18.56 %

Apprenticeship trade certificate/diploma

3.31 %

College/non-university certificate

13.82 %

University certificate (below bachelor)

3.21 %

University Degree

51.59 %

Commuter

Travel To Work

By Car

35.43 %

By Public Transit

19.65 %

By Walking

36.4 %

By Bicycle

2.59 %

By Other Methods

5.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

90.03 %

Houses

9.97 %

Own Vs. Rent

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