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327 SOMERSET STREET E
Ottawa, Ontario K1N6W4

$1,999,900

ID# 1393662

ABOUT THIS PROPERTY


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. (id:25961)

PROPERTY DETAILS


Year Built 1902
Cooling Type None
Heating Type Radiant heat
Heating Fuel Natural gas
Stories Total 3

Property Type


Multi-family
Courtesy of EXIT REALTY MATRIX

Listed on: May 29, 2024

On market: 26 days

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