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:48621)
| MLS® Number | 1393662 |
| Property Type | Multi-family |
| Neigbourhood | Sandy Hill |
| ParkingSpaceTotal | 2 |
| ConstructedDate | 1902 |
| CoolingType | None |
| ExteriorFinish | Stone, Brick, Vinyl |
| FoundationType | Block, Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 71 Ft ,4 In |
| SizeFrontage | 33 Ft ,4 In |
| SizeIrregular | 33.33 Ft X 71.33 Ft |
| SizeTotalText | 33.33 Ft X 71.33 Ft |
| ZoningDescription | R4ub[480]-c |
https://www.realtor.ca/real-estate/26961435/327-somerset-street-e-ottawa-sandy-hill
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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
