Multifamily in J8Z available for sale
8

Apartment Buildings for Sale near J8Z

Apartment Buildings for Sale Within 10 kilometers of J8Z

More details for 455 Somerset St W, Ottawa, ON - Multifamily for Sale

455 Somerset St W

Ottawa, ON K1R 5J7

  • Multifamily for Sale
  • $2,240,000 CAD
  • 5,500 SF

Ottawa Multifamily for Sale - Centretown-Byward

An exceptional investment opportunity awaits at 455-457 Somerset Street W, a turnkey six-unit multifamily property in the heart of Ottawa’s vibrant Centretown. This well-maintained asset generates a strong $125,496.90 NOI and trades at an attractive 5.60% cap rate, offering stable in-place cash flow with clear upside. One strategically vacant unit is positioned for renovation, offering immediate value-add potential and the ability to increase rents to market levels. Spacious, thoughtfully designed layouts across all six suites promote long-term tenant satisfaction and retention, while on-site parking provides additional revenue. The offering combines durability, income stability, and a defined pathway to enhanced returns. Located in Ottawa’s downtown core near Kent Street and just steps from Parliament Hill, the asset benefits from premier urban connectivity and infrastructure. Within 2 kilometres of Ottawa City Hall and the House of Commons of Canada, the building sits at the centre of Canada’s public-service employment base. Proximity to the University of Ottawa further strengthens rental demand from students and young professionals. Somerset Street offers immediate access to local restaurants, cafés, daily retail, and public transit, reinforcing consistent demand. The surrounding area serves more than 267,000 residents within a 5-kilometre radius, with projected population growth of 16% by 2033 and an average household income of approximately $97,000. Centretown continues to rank among Ottawa’s most resilient rental nodes, supported by a diverse tenant base that includes government employees, technology professionals, and international students. A large and stable public sector workforce reduces cyclical risk, while ongoing expansion from employers such as Nokia, Solink, Accenture, and Calian Group reinforces long-term job growth and housing absorption. Infrastructure investment and a growing technology ecosystem continue to elevate Ottawa’s profile as a stable capital market. 455-457 Somerset Street W delivers the rare combination of immediate income, upside, and premier downtown positioning.

Contact:

SLEEPWELL REALTY GROUP LTD

Property Subtype:

Apartment

Date on Market:

2026-02-23

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More details for 156 Dagmar Av, Vanier, ON - Multifamily for Sale

156 Dagmar Av

Vanier, ON K1L 5T2

  • Multifamily for Sale
  • $1,649,900 CAD
  • 4,000 SF
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More details for 69-71 Donald St, Ottawa, ON - Multifamily for Sale

69-71 Donald St

Ottawa, ON K1K 1N3

  • Multifamily for Sale
  • $2,750,000 CAD
  • 10,000 SF
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More details for 595 Byron Av, Ottawa, ON - Multifamily for Sale

Westboro Station - 595 Byron Av

Ottawa, ON K2A 4C4

  • Office for Sale
  • $1,795,000 CAD
  • 3,600 SF
  • 1 Unit Available
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More details for 101 Queen Street & 108-116 Sparks Street – for Sale, Ottawa, ON

101 Queen Street & 108-116 Sparks Street

  • Mixed Types for Sale
  • Price Upon Request
  • 3 Properties | Mixed Types
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More details for QUADRILATÈRE SAINT-JOSEPH À VENDRE – for Sale, Gatineau, QC

QUADRILATÈRE SAINT-JOSEPH À VENDRE

  • Mixed Types for Sale
  • $6,700,000 CAD
  • 4 Properties | Mixed Types
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More details for 108 3rd Ave, Ottawa, ON - Multifamily for Sale

Glebe Court Condominiums - 108 3rd Ave

Ottawa, ON K1S 5B1

  • Retail for Sale
  • $973,500 CAD
  • 1,083 SF
  • 1 Unit Available
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Apartment Buildings for Sale in J8Z

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