314 Somerset Street E

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$1,700,000

314 Somerset Street E

Sandy Hill, Ottawa · MLS® X13242440

3,520 sq ft · House · Multi-family · 142 days on market

listed by Michel Dagher, COLDWELL BANKER SARAZEN REALTY

realtor's description

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.

property details

type: House, Multi-family
living area: 3,520 sq ft
parking: 0
property tax: $13,739 / yr
days on market: 142
MLS®: X13242440

monthly cost

$8,552/mo

Mortgage $7,407 · Tax $1,145

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$7,407/ monthly

loan $1,360,000

25-year amortization

down payment20% · $340,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $862,021
cash to close: $340,000; down payment; transfer tax and fees not included
total paid: $2,222,021

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.