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455-457 Somerset Street W
4102 - Ottawa Centre Ottawa K1R 5J7

$2,340,000 /For Sale
Commercial

Main Photo: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 1: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 2: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 3: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 4: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 5: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 6: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 7: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 8: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 9: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 10: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
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Photo 16: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
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Photo 18: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 19: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 20: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 21: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 22: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 23: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 24: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 25: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 26: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 27: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 28: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 29: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 30: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 31: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Photo 32: 455-457 Somerset Street W in Ottawa: 4102 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12231113
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12231113
Bus Major:
Apts - 6 To 12 Units
Welcome to 455/457 Somerset Street West a rare opportunity to acquire a turnkey 6-unit building in one of Ottawa's most vibrant and in-demand rental locations. This well-maintained property generates a strong NOI of $119,150.56, with a 5.1% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of Centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into Ottawa's multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed NOI.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
5500 sq. ft. Square Feet
Total Area:
5,500 sq. ft.
Depth:
112'4½"
Frontage:
57'11"
Bathrooms:
7.0
Water supply:
Municipal
Zoning:
TM14
Heating type:
Other
Survey Available:
No
Garage:
None
Parking Spaces:
6
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Development Charges Paid:
No
Type Taxes:
Annual
Taxes:
$18,153 / 2024
Assessment:
$- / -
Ottawa Centre
4102 - Ottawa Centre
Ottawa
No
NA
6 Fridges, 6 stoves, 3 dishwashers, 1 stacking set washer/dryer, 1 stacking set coin op washer/dryer, 1 combo washer/dryer.
Tenant belongings
None
Utilities:
Yes
Air Conditioning:
Partial
Seller Property Info Statement:
No
Gross income:
$167,464.8
Net Income Before Debt:
$119,150.56
Expenses Actual/Estimated:
Actual
Heating Expenses:
$4,238
Hydro Expenses:
$2,276
Insurance Expenses:
$8,481
Management Expenses:
$8,373.24
Tax Expenses:
$18,153
Operating Expenses:
$48,314.24
Water Expenses:
$3,293
Year Expenses:
2024
Maintenace Expenses:
$3,500
Property Management Company:
Sleepwell Property Management
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Outside Storage:
No
Date Listed:
Jun 19, 2025
Original Price:
Previous Price:
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Listed by SLEEPWELL REALTY GROUP LTD
Data was last updated June 20, 2025 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Ontario Commercial Properties

• Strong economic growth and stable property demand
• Access to major highways, transit, and trade routes
• High-traffic locations with retail, industrial, or office potential
• Opportunities in cities like Toronto, Mississauga, Ottawa & beyond
• Suitable for investors, entrepreneurs, and developers

What to Expect from Ontario Commercial Listings

Commercial real estate across Ontario varies by size, use, and location, but commonly features:

• Zoned properties for retail, industrial, office, or mixed use
• Large square footage with flexible layouts
• High-visibility storefronts or warehouse bays
• Ample parking, loading docks, or elevator access
• Nearby transit, highways, and workforce hubs

Start Your Commercial Real Estate Search in Ontario Today

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FAQs – Commercial Real Estate for Sale Ontario

1. What types of commercial properties are available in Ontario?
Ontario offers retail plazas, offices, industrial warehouses, medical offices, restaurants, and development-ready land.

2. Is financing available for commercial real estate in Ontario?
Yes. Commercial financing is available through banks and private lenders, often requiring larger down payments than residential.

3. Are there zoning restrictions on commercial buildings?
Zoning varies by municipality and use. Our team can help you review zoning bylaws to ensure property suitability.

4. Which cities in Ontario are best for commercial investment?
Toronto, Mississauga, Ottawa, Vaughan, and Kitchener-Waterloo are among the most active and profitable commercial markets.