279 SOMERSET STREET E, Ottawa, ON K1N6V7
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279 SOMERSET STREET E, Ottawa, ON K1N6V7
279 SOMERSET STREET E, Ottawa, ON K1N6V7
279 SOMERSET STREET E, Ottawa, ON K1N6V7
279 SOMERSET STREET E, Ottawa, ON K1N6V7
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Lily Hu

Lily Hu

+1(613) 220-0046
$ 1,219,000
Est. payment /mo
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279 SOMERSET STREET E Ottawa, ON K1N6V7

7 Beds

4 Baths

2,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500 - 3000

Square Footage 2,500 sqft

Price per Sqft $487

Subdivision 4004 - Sandy Hill

MLS® Listing ID X12486659

Bedrooms 7

Property 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:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 3.49 m X 3.91 m Kitchen

Extra Room 2 Second level 2.24 m X 3.52 m Bedroom

Extra Room 3 Second level 3.8 m X 3.59 m Bedroom

Extra Room 4 Third level 4.11 m X 3.87 m Bedroom

Extra Room 5 Third level 5.1 m X 3.8 m Bedroom

Extra Room 6 Third level 3.32 m X 3.48 m Kitchen

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

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+1(613) 220-0046 | lilyhu@lilyhuteam.com

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279 SOMERSET STREET E