279 Somerset Street E, Ottawa, Ontario, K1N6V7
Details
- Listing ID: X12486659
- Price: $1,219,000
- Address: 279 Somerset Street E, Ottawa, Ontario K1N6V7
- Bedrooms: 7
- Full Bathrooms: 4
- Stories: 3
- Property Type: Multi-family
- Heating: Natural Gas, Forced Air
Description
Exceptional Triplex in the Heart of Sandy Hill! A rare opportunity to own a fully leased, income-generating property in one of Ottawa’s most desirable downtown neighbourhoods. This 3-storey triplex offers modern comfort, strong rental returns, and unbeatable location-perfect for investors or owner-occupiers alike. Each unit is self-contained with its own kitchen, full bathroom(s), and in-unit laundry, ensuring convenience and privacy for all tenants. Unit 1 (Main + Lower): 5-bedroom layout (3 on main, 2 below) with 2 full baths, shared kitchen and laundry, currently rented for $4,150/month. Unit 2 (Second Floor): Bright 2-bedroom + den apartment with full kitchen and laundry, ideal for professionals or students, rented for $1,800/month. Unit 3 (Third Floor): Spacious 2-bedroom unit featuring its own laundry and kitchen, bringing in $1,850/month including parking. Recent updates include a new A/C unit and owned hot water tank (2023). Three on-site parking spaces add further appeal. The property generates an impressive annual gross income of $93,600, with net income of $74,530 (after expenses) – a truly turn-key investment. Landlord pays for the utilities. Most units are available fully furnished, offering flexible options for short-term or long-term rentals. With steady leases signed within the past year and its proximity to Ottawa U, downtown amenities, and the Rideau Canal, this triplex combines strong cash flow with long-term growth potential. A solid investment in a prime downtown location. Don’t miss it! (id:22130)
Rooms
| Level | Room | Dimensions |
|---|---|---|
| Third level | Bedroom | 4.11 m x 3.87 m |
| Bedroom | 5.1 m x 3.8 m | |
| Kitchen | 3.32 m x 3.48 m | |
| Second level | Bedroom | 2.24 m x 3.52 m |
| Bedroom | 3.8 m x 3.59 m | |
| Kitchen | 3.49 m x 3.91 m | |
| Main level | Bedroom | 2.57 m x 3.72 m |
| Bedroom | 3.13 m x 3.91 m | |
| Bedroom | 3.8 m x 3.91 m | |
| Kitchen | 3.35 m x 4.05 m | |
| Basement | Bedroom | 2.99 m x 3.67 m |
| Bedroom | 3.2 m x 4.84 m |
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