$1,219,000

Triplex

279 Somerset Street, Ottawa, ON

108 DAYS
7
4
0
2500-3000
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Listed by ROYAL LEPAGE INTEGRITY REALTY

Property Highlights

Parking

3 spaces

Property Tax

$9,755/yr

Lot Size

2,952 sqft

Style

3-Storey

Basement

Full, Finished, Apartment

Monthly Cost

$5,960/mo

About This Home

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-occupiers 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!

Monthly Cost

Monthly Mortgage$5,147
Property Tax ($9,755/yr)$813
Total$5,960

Price & Listing History

Schools

Location

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Rooms

Main Level

Bedroom: 3.13m × 3.91m
Bedroom: 3.80m × 3.91m
Kitchen: 3.35m × 4.05m
Bedroom: 2.57m × 3.72m

Second Level

Kitchen: 3.49m × 3.91m
Bedroom: 2.24m × 3.52m
Bedroom: 3.80m × 3.59m

Third Level

Kitchen: 3.32m × 3.48m
Bedroom: 4.11m × 3.87m
Bedroom: 5.10m × 3.80m

Basement Level

Bedroom: 3.20m × 4.84m
Bedroom: 2.99m × 3.67m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage