316 SOMERSET Street East, Ottawa, Ontario, K1N6W3




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$2,899,900
Ottawa
This multi-family property in Ottawa is for sale.
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 (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 146 days on market, against an average age of 62 days across the listings currently for sale in this city
This 16-bed multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,899,900, about 45.3× the local median household income of $64,000.
Carrying it typically needs a household income of about $566,452 (20% down, 25-yr amortization, stress-tested) — roughly 785% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1N)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice