308-312 Somerset Street East, Ottawa | Image 1

308-312 Somerset Street East

Ottawa, Ottawa

  • Commercial

$5,750,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R4UB[480]-c

  • Age: No Data

  • Taxes: 24035

  • MLS®#: X8346418

  • Added: May 16, 2024 (3 months ago)

  • Updated:

  • Last Checked: 32 minutes ago

  • Listed By: EXP REALTY

Welcome to 308-312 Somerset Street East! This is a great multi-use investment opportunity located downtown, which is steps from the new LRT and Ottawa University. The building consists of 4 x 5 bedroom units; 2 x 4 bedroom units; 1 x 2bedroom units and 1 commercial tenant on a 5-year lease. The property is separately metered; fully furnished; units are all-inclusive rents; digital locks and cameras for extra security.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 384900

  • Area: Ottawa

  • Community: Ottawa

  • Availability Date: TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 18, PL 46666 ; T/W N732067 ; OTTAWA/NEPEAN

  • Taxes: $24,035

  • Expenses: Est

  • Management Expense: 11000

  • Insurance Fee: 5430

  • Operating Fees: 94704

  • Hydro Expense: 967

  • Heat Expenses: 18000

  • Other Expenses: 3831

  • Taxes Type: Annual

  • Taxes: 24035

  • Tax Year: 2023

  • Water Fees: 3207

Land

  • Cross Street: Chapel Street And So

  • Municipality District: Ottawa

  • Parcel Number: 042050097

  • Lot Depth: 100 Feet

  • Lot Frontage: 43.25 Feet

  • Zoning: R4UB[480]-c

Commercial Specific

  • Total Area: 4306

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Lot Code: Lot

  • Gross Income/Sales: 384900

Map of 308-312 Somerset Street East, Ottawa
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