255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa
  • 255 SOMERSET STREET E Ottawa

255 SOMERSET STREET E, Ottawa, Ontario

$5,250,000

  • 2,756 Square Feet

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. (id:56241)

  • Listing ID: X12401676
  • Property Type: Multi-family
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Details

  • Transaction: For sale
  • Zoning Description: R4S[480]-c

Building

  • Cooling: Fully air conditioned
  • Fireplace Present: False
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Exterior: 2756 sqft
  • Size Interior: 2756 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 40 ft
  • Size Irregular: Bldg=40 x 70 FT
MLS®

Listing provided by SLEEPWELL REALTY GROUP LTD
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 255 SOMERSET STREET E in Ottawa Ontario. It was last modified on September 12th, 2025. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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