LOADING

327 Somerset Street W Ottawa, Ontario K2P 2P1

$2,999,000

Owner completely and tastefully renovated in 2019 with new addition at rear. Building is Fully Rented. Commercial Tenant spent over $1M in improvements main floor and lower level and has 7 years left of a 10 year lease term. Net Rent $6k/mth plus $2.5k/mth recoverable. Net Rent increases in 2 years by 12.5%. 3 large newly renovated residential apartments: 1-1 bedroom apt($1550); 1-2 bedroom apt($1855); 1-3 bedroom apt($2810). Top Upgrades with all new appliances in apartments. Each unit has its own gas furnace, hydro meter, AC. All tenants pay own hydro/gas. Current NOI: $131,394. NOI will increase annually with standard annual rent increases for residential and $9k in 2 years for commercial. Solid investment, prime location; one of the most beautiful streets in Ottawa. (id:37611)

Property Details

MLS® Number 1273609
Property Type Retail
Neigbourhood Centre Town
Parking Space Total 3

Building

Constructed Date 1910

Land

Acreage No
Size Depth 112 Ft ,6 In
Size Frontage 34 Ft ,10 In
Size Irregular 34.84 Ft X 112.5 Ft
Size Total Text 34.84 Ft X 112.5 Ft
Zoning Description Tm(2185) H (18)

https://www.realtor.ca/real-estate/23909424/327-somerset-street-w-ottawa-centre-town

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