314 Somerset Street E, Lower Town - Sandy Hill, ON K1N 6W3
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Somerset St. E and Chapel St · View map
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 $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.
The home
- Type
- Investment
- Square footage
- 3520 sq ft
- Lot size
- 69 x 62 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $13,739/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBA
- Cross street
- Somerset St. E and Chapel St
- Neighbourhood
- 4004 - Sandy Hill
More
- MLS® number
- X13242440
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
314 Somerset Street, Lower Town - Sandy Hill, ON K1N 6W3
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Somerset St. E and Chapel St
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Listing history for 314 Somerset Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 314 Somerset Street E
Answers come straight from this home’s MLS® listing.
How much is 314 Somerset Street E listed for, and what would it cost each month?
314 Somerset Street E is listed for $1,700,000. With 20% down ($340,000), the mortgage payment would be roughly $6,857 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,002 a month, all in. That figure is an illustration, not a quote.
Is 314 Somerset Street E freehold or a condo, and is there a monthly fee?
314 Somerset Street E is a investment in 4004 - Sandy Hill, Lower Town - Sandy Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 314 Somerset Street E have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 314 Somerset Street E?
314 Somerset Street E is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 314 Somerset Street E, and what is the lot size?
The lot is listed as 69 x 62 ft.
How is 314 Somerset Street E heated and cooled?
Heating is gas forced air closed. The listing does not show air conditioning.
What are the property taxes for 314 Somerset Street E?
Property taxes are $13,739 a year (2026), or about $1,145 a month.
Where is 314 Somerset Street E?
314 Somerset Street E is in the 4004 - Sandy Hill community of Lower Town - Sandy Hill. The nearest main intersection is Somerset St. E and Chapel St. The postal code is K1N 6W3.
Is 314 Somerset Street E still for sale?
Yes. It is an active listing (MLS® X13242440). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 314 Somerset Street E asking?
Similar properties for sale nearby right now include 152 Goulburn Avenue at $1,998,000, 95 Templeton Street at $1,325,000 and A - 275 Laurier Ave Avenue E at $1,999,999. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 314 Somerset Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 314 Somerset Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4004 - Sandy Hill, picked by style, size and price.
Investment$1,998,000152 Goulburn Avenue, Lower Town - Sandy Hill4004 - Sandy HillCourtesy of: MARILYN WILSON DREAM PROPERTIES INC.View home →
Investment$1,325,00095 Templeton Street, Lower Town - Sandy Hill4004 - Sandy HillCourtesy of: CENTURY 21 SYNERGY REALTY INCView home →
Sale of business$1,999,999A - 275 Laurier Ave Avenue E, Lower Town - Sandy Hill4002 - Lower TownCourtesy of: THE RIGHT KEY REALTY INC.View home →Courtesy of: COLDWELL BANKER SARAZEN REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.