474 SOMERSET STREET W

LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of it’s size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) – EXPENSES: $29,664.15 = NOI $87, 165.85 . Reach out for more info and photos and to book a viewing… WE WELCOME OFFERS! (id:62692)