327 SOMERSET STREET E Ottawa

327 SOMERSET STREET E, Ottawa, Ontario

$1,999,900

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:56241)

  • Listing ID: 1393662
  • Property Type: Multi-family
  • Year Built: 1902

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Details

  • Management Company: N/A -
  • Ownership: Freehold
  • Parking Spaces: 2
  • Transaction: For sale
  • Zoning Description: R4UB[480]-c

Building

  • Constructed Date: 1902
  • Cooling: None
  • Exterior Finish: Stone, Brick, Vinyl
  • Fireplace Present: False
  • Foundation: Block, Stone
  • Heating: Radiant heat
  • Heating Fuel: Natural gas
  • Stories Total: 3
  • Utility Water: Municipal water

Land

  • Sewer: Municipal sewage system
  • Size Frontage: 33 ft ,4 in
  • Size Irregular: 33.33 ft X 71.33 ft
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 327 SOMERSET STREET E in Ottawa Ontario, was last modified on May 29th, 2024. Contact us to schedule a viewing or to find other properties for sale in Ottawa.

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