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:41211)
Property Details
| MLS® Number | 1273609 |
| Property Type | Retail |
| Neigbourhood | Centre Town |
| Parking Space Total | 3 |
Building
| Constructed Date | 1910 |
| Fireplace Present | No |
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
Interested?
Contact us for more information
Gary Shaker
Broker of Record
www.shakerrealty.ca
185 Somerset St. West, Ste 304
Ottawa, Ontario K2P 0J2
(613) 261-9100
www.shakerrealty.ca
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Ottawa Real Estate Board
Shaker Realty Ltd.
December 24 2021 03:11:01
