314 Somerset Street E

Ottawa, Ontario K1N 6W3

3,520 sqft Interior

3520 Ac Lot size

83 days ago Listed

None Forced Air Acreage

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About this home

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 $107,076, Expenses $35,371, Net $73,705. Most of the windows (17 Windows) 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 walking distance to Ottawa University. (id:28469)

Facts & features

Property

MLS® Number: X13242440
Property Type: Multi-family
Community Name: 4004 - Sandy Hill

Building

Cooling Type: None
Heating Fuel: Natural Gas
Heating Type: Forced Air
Size Exterior: 3520 Sqft
Size Interior: 3,520 Sqft
Type: Multi-family
Utility Water: Municipal Water

Land

Acreage: Yes
Size Depth: 62 Ft
Size Frontage: 69 Ft
Size Irregular: 3520
Size Total: 3520 Ac
Size Total Text: 3520 Ac
Zoning Description: R4h[480]

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $7,970/mo
Ontario land transfer tax: $32,475 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Sandy Hill market

21 Active listings

$750,000 Median asking price

140% above median This home

47 days Avg. time on market

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Location

314 Somerset Street E, Ottawa, Ontario K1N 6W3 · Get directions