474 SOMERSET STREET W, Ottawa, Ontario K1R5J8

HIGH RETURN property - UNIQUE and in the heart of Centretown CENTRAL OTTAWA! LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of its size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS!
Property Specifications
Comprehensive breakdown of features and details.
Interior Details
Building & Exterior
Land & Location
Listing & Financials
Other Specifications
For Sale
$1,100,000
Beds
-
Baths
-
Living Area
2,809 sqft
Lot Size
-
Property Type
Offices
Year Built
-