474 SOMERSET STREET W, Ottawa, Ontario K1R5J8

474 SOMERSET STREET W
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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

AppliancesFurniture
CoolingFully air conditioned
HeatingForced air, Natural gas
Living Area2809 sqft

Building & Exterior

Building Area Total2809.0
Building Area Unitssquare feet

Land & Location

City Region4103 - Ottawa Centre
Frontage Length29.0 feet
Lot Size DimensionsBldg=29 x 110 FT ; 0

Listing & Financials

Listing OfficeRE/MAX HALLMARK REALTY GROUP
Originating System NameOttawa Real Estate Board

Other Specifications

CountryCanada
Parking Total5

For Sale

$1,100,000

474 SOMERSET STREET W, Ottawa, Ontario K1R5J8

Beds

-

Baths

-

Living Area

2,809 sqft

Lot Size

-

Property Type

Offices

Year Built

-

Listing IDX12671378

Location & Map

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