314 Somerset Street
Lower Town - Sandy Hill, K1N 6W3
FOR SALE
$1,800,000
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Investment
CATEGORY 69 x 62
LOT SIZE X13242440
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Property Description
Solid six units all brick building. 5-2 bed and 1-1 bed. Fully rented, Tenants have been there for a while. Present Zoning R4U (480) could be changing to CMI (480) H20. Income could be a lot higher. Grossing $107,076, Expenses $35,371, Net $73,705. Most of the windows (17 Windows) replaced 7 years ago. Hot Water Tanks owned. Tenants pay their own Hydro. 3+ parking spots, on site laundry, 4 balconies, corner lot 69' x 62'. Boiler 2010, Roof 8 years old appx. In the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University.
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Property Details
Address
314 Somerset Street
Community
Postal Code
K1N 6W3
Property Type
Investment, Investment
Use
Apartment
Zoning
R4H[480]
Lot Size
69' x 62'
Taxes
$12,737 (2025
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
Outside/Surface
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Listing contracted with Coldwell Banker Sarazen Realty
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