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Home ON Ottawa - Gatineau Ottawa Sandy Hill - Ottawa East
327 SOMERSET STREET E
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327 SOMERSET STREET E $1,999,900
$1,999,900
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327 SOMERSET STREET E
Ottawa, Ontario K1N6W4

MLS® Number: 1393662

Listing Description

Seize this RARE opportunity to snag a lucrative, centrally-located & TURNKEY investment property in the heart of popular Sandy Hill. Proceed w/ the fully-occupied 6+1-unit building or explore the potential offered by the existing R4UB zoning & the City’s new Zoning By-law project (2025). With the University of Ottawa, LRT, Rideau Canal, Byward Market, HWY417, Rideau River & riverfront parks/greenspace just steps away (incl Strathcona Park), this property offers unparalleled possibilities in a sought-after rental market. The strategic unit & tenant mix offers an impressive annual NOI, with potential for future growth. Proud ownership for 15 years: Well-maintained & boasting character, incl historic mouldings, hrdwd floors, vaulted ceilings, lots of natural light & covered balconies. W/ convenient access to all amenities & situated on a major bus route, this is an ideal location to start growing your portfolio in downtown Ottawa! Avail for immediate possession. No Heritage designation. (28355097)

Property Summary

Property Type
Multi-family
Storeys
3
Neighbourhood Name
Sandy Hill
Title
Freehold
Land Size
33.33 ft X 71.33 ft
Built in
1902
Annual Property Taxes
$13,188
Total Parking Spaces
2
Time on REALTOR.ca
37 days

Building

Building Features
Foundation Type
Block, Stone
Total Units
7
Heating & Cooling
Cooling
None
Heating Type
Radiant heat (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Stone, Brick, Vinyl
Maintenance or Condo Information
Maintenance Management Company
N/A -
Parking
Total Parking Spaces
2

Land

Lot Features
Frontage
33 ft ,4 in
Land Depth
71 ft ,4 in
Other Property Information
Zoning Description
R4UB[480]-c
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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