36
$1,219,000 Sale
Listed 1 day
279 Somerset Street E
· 7
· 4
· 3
· 2500-3000
Listing History
Buy/Sell/Terminated/Expired listing history for 279 Somerset Street E
Key Facts
Key facts for 279 Somerset Street E
Property Type
Apartment, 3-Storey
Parking
None 0 garage, 3 parking
MLS #
X12486659
Size
2500-3000 sqft
Basement
Full,Finished,Apartment
Listed on
2025-10-28
Lot size
41 x 72.0
Tax
$9,755 /yr
Days on Market
2
Approximate Age
-
Maintenance Fee
-
Description
Exceptional Triplex in the Heart of Sandy Hill! A rare opportunity to own a fully leased, income-generating property in one of Ottawa's most desirable downtown neighbourhoods. This 3-storey triplex offers modern comfort, strong rental returns, and unbeatable location-perfect for investors or owner-o...ccupiers alike. Each unit is self-contained with its own kitchen, full bathroom(s), and in-unit laundry, ensuring convenience and privacy for all tenants. Unit 1 (Main + Lower): 5-bedroom layout (3 on main, 2 below) with 2 full baths, shared kitchen and laundry, currently rented for $4,150/month. Unit 2 (Second Floor): Bright 2-bedroom + den apartment with full kitchen and laundry, ideal for professionals or students, rented for $1,800/month. Unit 3 (Third Floor): Spacious 2-bedroom unit featuring its own laundry and kitchen, bringing in $1,850/month including parking. Recent updates include a new A/C unit and owned hot water tank (2023). Three on-site parking spaces add further appeal. The property generates an impressive annual gross income of $93,600, with net income of $74,530 (after expenses) - a truly turn-key investment. Landlord pays for the utilities. Most units are available fully furnished, offering flexible options for short-term or long-term rentals. With steady leases signed within the past year and its proximity to Ottawa U, downtown amenities, and the Rideau Canal, this triplex combines strong cash flow with long-term growth potential. A solid investment in a prime downtown location. Don't miss it!
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Courtesy of: ROYAL LEPAGE INTEGRITY REALTY