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:55510)
MLS® Number | 1393662 |
Property Type | Multi-family |
Neigbourhood | Sandy Hill |
ParkingSpaceTotal | 2 |
ConstructedDate | 1902 |
CoolingType | None |
ExteriorFinish | Stone, Brick, Vinyl |
FoundationType | Block, Stone |
HeatingFuel | Natural Gas |
HeatingType | Radiant Heat |
StoriesTotal | 3 |
UtilityWater | Municipal Water |
Acreage | No |
Sewer | Municipal Sewage System |
SizeDepth | 71 Ft ,4 In |
SizeFrontage | 33 Ft ,4 In |
SizeIrregular | 33.33 Ft X 71.33 Ft |
SizeTotalText | 33.33 Ft X 71.33 Ft |
ZoningDescription | R4ub[480]-c |
https://www.realtor.ca/real-estate/26961435/327-somerset-street-e-ottawa-sandy-hill
Contact us for more information
Janine Hogg
Salesperson