$5,250,000

255 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6V5

4004 - Sandy Hill, Lower Town - Sandy Hill,

| | 2,756 sq.ft. |

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Outstanding investment opportunity in Sandy Hill, just steps from the University of Ottawa. 255 Somerset Street East is a fully renovated multi-residential property featuring 23 furnished rental units, each with a private bathroom, fridge, and full set of furnishings. The all-inclusive rental model continues to attract strong demand from students and young professionals seeking reliable, convenient living. The building was completely retrofitted in 2025 with upgraded infrastructure, modern finishes, and added tenant-focused amenities, making it a standout choice for off-campus housing. The property generates a gross annual revenue of $404,368 with a Net Operating Income of $294,256, translating to a solid 5.5% cap rate at current performance. Tenants enjoy exceptional convenience with a 93 Walk Score, 84 Transit Score, and 94 Bike Score, placing them within easy reach of campus, grocery stores, cafés, restaurants, pubs, and fitness amenities. The thoughtful retrofit and all-inclusive rental model not only maximize income but also create an appealing, worry-free housing solution for tenants, reducing vacancy risk and ensuring consistent occupancy. With strong cash flow, brand-new systems and finishes, and an unbeatable location in the heart of Sandy Hill, 255 Somerset Street East offers investors a turnkey, high-performing property that combines modern living standards with long-term appreciation potential.

Property Info
MLS®: X12401676
Listing Courtesy of SLEEPWELL REALTY GROUP LTD
Floor Space 2756 sq.ft.
Lot Size 2800 sq.ft.
Last Updated 2025-09-13
Property Type Commerece
Listed Price $5,250,000
Unit Pricing $1,905/sq.ft.
Tax Estimate $30,000/Year
More Details
Water Supply Municipal
Summary
    Location and General Information
  • HoldoverDays: 30
  • Property Type: Commercial
  • Property Sub Type: Investment
  • GarageType: None
  • Directions: From King Edward, East on Somerset St E. Located on corner of Somerset and Nelson.
  • Taxes and HOA Information
  • Tax Year: 2025
  • Parking
Interior and Exterior Features
    Interior Features
  • Cooling: Yes
  • HeatType: Gas Forced Air Closed
  • Exterior Features
Property
    Utilities
    Property and Assessments
  • Building Area Total: 2756
  • Building Area Units: Square Feet
  • Lot Information
  • Parcel Number: 042090249
  • LotSizeUnits: Feet
  • LotDepth: 70
  • LotWidth: 40
  • Others
Sold History
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