138 Somerset Street W 604, Ottawa Centre

$249,900
138 Somerset Street W 604

$249,900

New
8d
Condo ApartmentApartment

138 Somerset Street W 604, Ottawa Centre

Total Monthly Obligation $2,016

Beds
1
Baths
1
Park
0
Sqft
600-699
DOM
8d
Score
26
Yield
9.9%
Cash on Cash
4.1%
Cap Rate
5.5%
5Y IRR
18.8%
10Y IRR
17.3%
Property Type-Condo Apartment
MLS® Number-X14085364
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,857 (2025)
Maintenance-$570/mo
Locker-None
Parking-None
Basement-None
Heating-Heat Pump (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-4104 - Ottawa Centre/Golden Triangle
Title-Residential Condo & Other

No agent assigned

Welcome to 138 Somerset St W #604! This beautifully maintained & freshly painted 1 bedroom + den condo is located in the heart of Centretown. Steps away from restaurants, transit, parks, shopping and scenic pathways along the Rideau Canal, this condo has it all! As you step inside, you're greeted by a functional & open-concept layout, complete with hardwood flooring, a bright solarium, and newly installed tile flooring in the kitchen. The kitchen features stainless steel appliances and a convenient breakfast bar, flowing seamlessly into the dining and living area. A spacious bedroom, full bathroom, additional den (perfect to use as office space) and in-unit laundry complete this condo. Amenities include a stunning rooftop terrace, party/meeting room & bike storage!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$199,920
Land Transfer Taxes$2,224
Legal Fees (Est.)
$
Total cash required for closing$53,704

Total Monthly Obligation

$2,016/mo
Mortgage $1,008
Monthly Loss $1,751
Principal$265
Interest$743
Property Tax$238
Condo Fees$570
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.7%3
5-Year IRR
13.3%60
10-Year IRR
13.6%
Returns Index
30.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$24,684/yr
NOI
$10,119/yr
Net Cash Flow
-$165/mo
Cash Margin
-8.0%1
Cash Flow Index
1.0/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
38.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 138 Somerset Street W 604

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.