Name: 279 SOMERSET STREET E, Ottawa | MLS® X12486659
SKU: x12486659
Price: 1219000.0 CAD
Availability: InStock

$1,219,000 Sale

Listed 1 day

279 SOMERSET STREET E

MLS® x12486659 Triplex

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Beds · 7

Baths · 4.0

Parking · 3

Sqft · 2500 - 3000

Est. mortgage

$4,625/mo

Key Facts

Key facts for 279 SOMERSET STREET E

Property Type

Apartment, Triplex

Parking

Garage: No, 3 parking

MLS #

X12486659

Size

2500 - 3000 sqft

Basement

Finished, Full, N/A (Finished), N/A

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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-o...ccupiers 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:10452)

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Full Property Details

Interior

Bedrooms

Washrooms

4.0

Square Footage

2500 - 3000 sqft

Basement

Finished

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Basement Features

Apartment in basement

Bedrooms

Washrooms

4.0

Square Footage

2500 - 3000 sqft

Basement

Finished

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Basement Features

Apartment in basement

Exterior

Acreage

41 x 72 FT

Parking Spaces

Garage Spaces Y/N

Acreage

41 x 72 FT

Parking Spaces

Garage Spaces Y/N

Building Description

Style

Triplex

Home Type

Apartment

Subtype

Triplex

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Style

Triplex

Home Type

Apartment

Subtype

Triplex

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

4004 - Sandy Hill

Area Code

Ottawa

Community

4004 - Sandy Hill

Area Code

Ottawa

Other

Virtual Tour Link

https://youtube.com/shorts/9eSevuK2VDg?feature=share

Virtual Tour Link

https://youtube.com/shorts/9eSevuK2VDg?feature=share

Room Types

Bedroom

Dimensions 2.24 m x 3.52 m

84.87 sqft

Bedroom

Dimensions 2.57 m x 3.72 m

102.91 sqft

Bedroom

Dimensions 2.99 m x 3.67 m

118.12 sqft

Ken Brothers & Lisa Boulay

Email: [email protected] Cell: 613-858-8712