6 Bed Residential Freehold – 604-606 Somerset Street, Ottawa Centre, ON
$799,900 CAD
Property Description
Fabulous opportunity for the right buyer. Ideally located at the corner of Percy Street and Somerset Street West, this fourplex double offers excellent potential for investors, developers, or owner-occupiers seeking a prime central Ottawa location. Flexible CM1 ZONING offers a wide range of Residential and COMMERCIAL uses, creating an outstanding long-term investment. This property features four residential units, including two 2-bedroom units and two 1-bedroom units. Units in 606 are currently vacant, offering immediate occupancy or rental potential, while Units in 604 are tenanted. Tenants in both unit have signed a Form N11 and are vacating September 1, 2026. Important updates include a new furnace in Unit 604 (2025) and a new furnace in Unit 606 (2024). Two hot water tanks are rented, while one hot water tank is owned. Tenants pay for hydro. Excellent location close to downtown Ottawa, public transit, restaurants, shops, and major amenities. Income and Expenses for 2025: Gross Income: $27,220.00; Expenses: Insurance: $1,090.80; Property Taxes: $7,167.20; Utilities: $6,661.12
Property Details
Type
Residential Freehold
Parking
1 spaces
All Photos
Location
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