Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$9,000,000
Available - For Sale
Listing ID: X12318312
125 Somerset Stre West , Ottawa Centre, K2P 0H7, Ottawa
| 125 Somerset Street West presents a rare opportunity to acquire a 30-unit multi-family property paired with 3 commercial units, strategically located in the heart of Centretown Ottawa. This asset offers the stability of residential income and the upside potential of retail frontage in one of the city's most dynamic urban corridors. Positioned within walking distance of Parliament Hill, University of Ottawa, and Elgin Streets amenities, the property benefits from constant tenant demand and foot traffic. Residents enjoy immediate access to transit, employment hubs, and lifestyle services essentials that drive strong rental absorption and long-term value appreciation. Approx 26% upside potential through below market rents. |
| Price | $9,000,000 |
| Taxes: | $92477.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 125 Somerset Stre West , Ottawa Centre, K2P 0H7, Ottawa |
| Postal Code: | K2P 0H7 |
| Province/State: | Ottawa |
| Legal Description: | PT LT 3, PL 14350 , W/S CARTIER ST ; PT |
| Directions/Cross Streets: | Cartier Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - Over 20 Units |
| Building Percentage: | T |
| Total Area: | 32208.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 26431 |
| Water Expense: | $17364 |
| Vacancy Allowance: | 5860 |
| Net Income Before Debt: | $397868 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| DISTRICT REALTY CORPORATION |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4104 - Ottawa Centre/Golden Triangle |
| Tax: | $92,477 |
| Fireplace: | N |
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