314 Somerset Street
Lower Town - Sandy Hill, ON
- 3,520 sqft
- Investment
Solid six units all brick building. 5-2 bed and 1-1 bed. Fully rented; tenants have been there for a while. Present zoning: R4U (480) could be changing to CMI (480) H20. Income could be a lot higher. Grossing $111,764.00, Expenses $32,759.00, Net $80,005.00. New roof (2018). Most of the windows (17 Windows) were replaced 7 years ago. Hot Water Tanks owned. Tenants pay their own Hydro. 3+ parking spots, on-site laundry, 4 balconies, corner lot 69' x 62'. Boiler 2010, Roof 8 years old appx. In the heart of Sandy Hill. Very desirable rental market neighbourhood, within walking distance to Ottawa University.
Listing Details
- Taxes (2025)
- $12,737
- Originally Listed
- $1,800,000
- Listed
- June 3, 2026
Price History
Property
- Lot Size
- 69 x 62 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Somerset St. E and Chapel St
- Zoning
- R4H[480]
- Parcel Number
- 042060001
- Possession
- Flexible
- Occupancy
- Tenant
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $486,250
- Homes sold
- 220
- Median days on market
- 34
- Sale-to-list price
- 96.8%
Based on 220 recorded sales of commercial properties in Lower Town - Sandy Hill over the last 12 months.
Listed by
COLDWELL BANKER SARAZEN REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,520 sq ft
- Price per sq ft
- $482.95
- Annual property tax
- $12,737
- Tax per sq ft
- $3.62
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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