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885 SOMERSET STREET W, Ottawa, Ontario, K1R 6R6

MLS® # 1379545
Investment For Sale In West Centertown, Ottawa, Ontario
$600,000
885 Somerset Street W, Ottawa, ON - Outdoor
885 Somerset Street W, Ottawa, ON - Outdoor
885 Somerset Street W, Ottawa, ON - Outdoor
885 Somerset Street W, Ottawa, ON - Outdoor
885 Somerset Street W, Ottawa, ON - Outdoor
885 Somerset Street W, Ottawa, ON - Outdoor
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885 SOMERSET STREET W, Ottawa, Ontario, K1R 6R6
$600,000

Property Information:

Welcome to this exceptional investment opportunity nestled in the heart of Ottawa's vibrant Little Italy/ Chinatown district! This charming duplex presents endless possibilities for the savvy investors. With the potential to increase rents and or develop the property further, this is your chance to capitalize on the booming real estate market in one of Ottawa's most sought-after neighbourhoods. Whether you're looking to maximize rental income or explore development options, this property offers the ideal canvas for your investment vision. Don't miss out on the chance to own a piece of prime real estate in this dynamic and thriving community. Showings on Tues and Thur bw 12-1pm. Must be sold together with 887 Somerset. (id:7525)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Aluminum siding
  • Flooring Type: Flooring Type
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Built in: 1940
  • Irregular: Yes
  • Lease Type: Gross
  • Lot Depth: 99.0 Feet
  • Lot Frontage: 32.8 Feet
  • Lot Size: 32.83 ft X 99 ft
  • Zoning: TM
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 3

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 885 SOMERSET STREET W, Ottawa, Ontario, K1R 6R6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

30 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

30 hot days expected in 2050

47/100

High

ClimateCheck®

Current data

This property, 885 SOMERSET STREET W , experiences 7 hot days per year at around 31.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.3℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 885 SOMERSET STREET W , experiences 11 significant 2-day storms per year, with about 317.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 405.4mm of precipitation per year.

Precipitation Per Storm

Past
317.1mm
2050
405.4mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 885 SOMERSET STREET W, Ottawa, Ontario, K1R 6R6

Life Stage

Young Singles

Employment Type

White Collar

Average Household Income

$124,469.06

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.58 %

High school certificate or equivalent

21.01 %

Apprenticeship trade certificate/diploma

2.96 %

College/non-university certificate

16.1 %

University certificate (below bachelor)

1.19 %

University Degree

42.16 %

Commuter

Travel To Work

By Car

48.86 %

By Public Transit

17.77 %

By Walking

23.4 %

By Bicycle

6.16 %

By Other Methods

3.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.78 %

Houses

41.22 %

Own Vs. Rent

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