327 Somerset Street E Ottawa, Ontario K1N 6W4
$1,999,900
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:43934)
Property Details
| MLS® Number | 1393662 |
| Property Type | Multi-family |
| Neigbourhood | Sandy Hill |
| Parking Space Total | 2 |
Building
| Constructed Date | 1902 |
| Cooling Type | None |
| Exterior Finish | Stone, Brick, Vinyl |
| Foundation Type | Block, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 71 Ft ,4 In |
| Size Frontage | 33 Ft ,4 In |
| Size Irregular | 33.33 Ft X 71.33 Ft |
| Size Total Text | 33.33 Ft X 71.33 Ft |
| Zoning Description | R4ub[480]-c |
https://www.realtor.ca/real-estate/26961435/327-somerset-street-e-ottawa-sandy-hill
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May 29 2024 09:11:34
Ottawa Real Estate Board
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