316 Somerset St E
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
316 Somerset St E
4 Unit Apartment Building $2,077,882 USD ($519,470 USD/Unit) 4.80% Cap Rate Ottawa, ON K1N 6W3
Executive Summary
4.8% cap rate unit 30% expenses at List Price. Building is now fully leased with Leases in hand at 3400+3400+3350+3200+4200=$17550 = $210,600 GOI! 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. 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.
Property Facts
| Price | $2,077,882 USD | Apartment Style | Low Rise |
| Price Per Unit | $519,470 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 4.80% | Building Size | 2,000 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Price | $2,077,882 USD |
| Price Per Unit | $519,470 USD |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 2,000 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 4 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Biker's Paradise (94)
zoning
| Zoning Code | R4 (Residential) |
| R4 (Residential) |
Learn More About Investing in Apartment Buildings
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
316 Somerset St E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.