About 314 Somerset Street E
Solid six units all brick building. 5-2 bed and 1-1 bed. Fully rented, Tenants have been there for a while. Present Zoning R4U (480) could be changing to CMI (480) H20. Income could be a lot higher. Grossing $107,076, Expenses $35,371, Net $73,705. Most of the windows (17 Windows) replaced 7 years ago. Hot Water Tanks owned. Tenants pay their own Hydro. 3+ parking spots, on site laundry, 4 balconies, corner lot 69' x 62'. Boiler 2010, Roof 8 years old appx. In the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University.
Features of 314 Somerset Street E
| MLS® # | X13242440 |
|---|---|
| Price | $1,800,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Investment |
| Status | Active Under Contract |
Community Information
| Address | 314 Somerset Street E |
|---|---|
| Area | Ottawa |
| Subdivision | 4004 - Sandy Hill |
| City | Lower Town - Sandy Hill |
| Province | ON |
| Postal Code | K1N 6W3 |
Amenities
| Garages | Outside/Surface |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Gas Forced Air Closed |
|---|---|
| Cooling | No |
| Fireplace | No |
Listing Details
| Office | COLDWELL BANKER SARAZEN REALTY |
|---|