316 SOMERSET STREET E, Ottawa, Ontario, K1N6W3
Property TypeMulti-family Built in2022

Building is now fully leased at 3400+3400+3350+3200=$13350 = $220,000 GOI! 4.7% cap rate at 3.3M. BRAND NEW MULTI UNIT building in Sandy Hill. This building has 4 residential units and 1 commercial space. 4 x 4 Bedroom units and Ground Floor Commercial unit. Expenses have been estimated at 30% of GOI. Ideal as a straight investment or live in one of the luxury units and rent out the others. All units have separate hydro meters, in-unit laundry, SS appliances, 6 covered bicycle parking spaces and AC. Each unit offers spacious, modern, layouts, overflowing with natural light. Fantastic central location close to Shops, restaurants, schools and transit. This multi-unit property will be complete in August 2022. (id:46094)


Details
Amenities NearbyPublic Transit, Recreation Nearby, Shopping LeaseGross
Parking Spaces1 TransactionFor sale
Zoning DescriptionResidential
Building
Basement DevelopmentFinished BasementFull (Finished)
Constructed Date2022 Construction Style AttachmentAttached
CoolingCentral air conditioning Exterior FinishSiding
FlooringTile Bathrooms (Half)0
Bathrooms (Total)0 Heating FuelNatural gas
HeatingForced air Storeys Total3
TypeFourplex Utility WaterMunicipal water
Land
Size Frontage39 ft AmenitiesPublic Transit, Recreation Nearby, Shopping
SewerMunicipal sewage system Size Depth97 ft
Size Irregular39.01 ft X 97 ft

Listing Office: EXP REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :05/05/2022 02:12:59 PM

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