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316 Somerset St E 4 Unit Apartment Building $2,071,114 USD ($517,778 USD/Unit) 4.54% Cap Rate Ottawa, ON K1N 6W3
Investment Highlights
- Four spacious four-bedroom residential units plus a ground-floor commercial suite for diversified income.
- Modern finishes with energy-efficient systems including central air and gas-forced heating.
- Each unit offers stainless steel appliances, in-suite laundry, and separate hydro meters.
Executive Summary
Prime mixed-use asset in sought-after Sandy Hill. Offering four spacious four-bedroom residential units and a ground-floor commercial space, this income-producing property combines strong tenant appeal with the flexibility of multiple revenue streams. Each unit features separate hydro meters, in-suite laundry, stainless steel appliances, air conditioning, and bright contemporary living spaces. Six covered bicycle spaces enhance convenience, while the central location-steps to shops, restaurants, schools, and transit-ensures enduring rental demand and long-term investment potential. Net Income $131,694.36/2025
Property Facts
| Price | $2,071,114 USD | Apartment Style | Low-Rise |
| Price Per Unit | $517,778 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 4.54% | Building Size | 5,901 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R4 - Residential | ||
| Price | $2,071,114 USD |
| Price Per Unit | $517,778 USD |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 5,901 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Security System
- Video Patrol
- On-Site Retail
- Walking/Biking Trails
- Bicycle Storage
- Public Transportation
- Walk To Campus
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 4 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
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316 Somerset St E
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