ON > Lower Town - Sandy Hill > 4004 - Sandy Hill
Lower Town - Sandy Hill, ON K1N 6V5,255 Somerset ST E
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Lower Town - Sandy Hill, ON K1N 6V5,255 Somerset ST E,Video Tour
Lower Town - Sandy Hill, ON K1N 6V5,255 Somerset ST E
Lower Town - Sandy Hill, ON K1N 6V5,255 Somerset ST E
Lower Town - Sandy Hill, ON K1N 6V5,255 Somerset ST E
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 5,250,000
Est. payment /mo
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Active

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

2,756 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,756 sqft

Price per Sqft $1,904

Subdivision 4004 - Sandy Hill

MLS Listing ID X12401676

Annual Tax Amount $30,000

Tax Year 2025

Property Sub-Type Investment

Lot Depth 70.0

Lot Front 40.0

Property Description

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.

Location

Province ON

County Ottawa

Community 4004 - Sandy Hill

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 40.0

Lot Depth 70.0

Others

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Listed by SLEEPWELL REALTY GROUP LTD
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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255 Somerset ST E

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