316 SOMERSET Street
Lower Town - Sandy Hill, ON
- 16 bed
- approx. < 700 sqft
- Fourplex
- 92 days on market
Prime mixed-use asset in sought-after Sandy Hill. Offering four spacious four-bedroom residential units and a ground-floor commercial space, this income-producing property combines strong tenant appeal with the flexibility of multiple revenue streams. Each unit features separate hydro meters, in-suite laundry, stainless steel appliances, air conditioning, and bright contemporary living spaces. Six covered bicycle spaces enhance convenience, while the central location-steps to shops, restaurants, schools, and transit-ensures enduring rental demand and long-term investment potential. Net Income $131,694.36/2025
Listing Details
- Taxes (2026)
- $22,710
- Listed
- June 10, 2026
Price History
Property
- Style
- 3-Storey
- Construction
- Other
- Roof
- Flat
- Foundation
- Concrete
- Interior
- None
- Lot Size
- 39.01 x 97 Feet
Parking
- Garage
- Other
- Covered Spaces
- 0
- Total Parking
- 2
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Blackburn Ave.
- Zoning
- Residential
- Parcel Number
- 042060003
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 4 x fridges, 4 x stoves, 4 x washers, 4 x dryers
- Exclusions
- Tenants Belongings
Schools
Elementary
- Viscount Alexander Public School0.4 km
Public · Ottawa-Carleton DSB · 205 students
Grade 3 reading: 42% met the provincial standard · Grade 6 math: 53% met the provincial standard
- École élémentaire publique Francojeunesse0.6 km
French public · CÉP de l'Est de l'Ontario · 550 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 80% met the provincial standard
- York Street Public School1.1 km
Public · Ottawa-Carleton DSB · 275 students
Grade 3 reading: 29% met the provincial standard · Grade 6 math: 20% met the provincial standard
Secondary
- Lisgar Collegiate Institute1.1 km
Public · Ottawa-Carleton DSB · 960 students
Grade 10 literacy: 91% met the provincial standard
- École secondaire publique De La Salle1.4 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
- Immaculata High School1.6 km
Catholic · Ottawa CSB · 855 students
Grade 10 literacy: 87% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $474,000
- Homes sold
- 220
- Median days on market
- 34
- Sale-to-list price
- 96.7%
Based on 220 recorded sales of residential freehold properties in Lower Town - Sandy Hill over the last 12 months.
Listed by
EXP REALTY
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$579,980
Estimated Monthly Payment
$14,246
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $14,246/mo (20% down, 5.5%)
Taxes: $1,893/mo · Insurance: $725/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions Offering four spacious four-bedroom residential units and a ground-floor commercial space, this income-producing property combines strong tenant appeal with the flexibility of multiple revenue streams.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?