314 SOMERSET STREET E, Ottawa

$1,700,000

For sale: Multiplex

Multiplex at 314 SOMERSET STREET E, Ottawa
Property type
Investment
MLS®
MLS® X13242440
Neighbourhood
4004 - Sandy Hill

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.

Sold data

Homes in Sandy Hill — recent sold market

Homes in Sandy Hill took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 66, across 132 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $449,900.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$449,900
Sale-to-list ratio
96.8%
Sold above asking
8%

Based on 132 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 314 SOMERSET STREET E