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$ 724,900
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New
640 Somerset ST W Ottawa Centre, ON K1R 5K4
1,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $483
Subdivision 4103 - Ottawa Centre
MLS Listing ID X13775652
Annual Tax Amount $8,300
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
INVESTORS & DEVELOPERS! Currently generating $7,042/month ($84,504/year) in gross rental income, this rare detached mixed-use property in the heart of Centretown West offers exceptional flexibility and future potential. The upper residential unit is rented for $2,300/month, the main-floor commercial space for $3,842/month through 2027, plus $900/month from the rear space. Zoned TM(2185) H(16), the property offers residential and commercial possibilities and multiple income streams. The main level is currently configured as commercial space, while the self-contained upper unit features a separate entrance and private second-floor balcony. Significant improvements were completed in 2022, including updated appliances and interior upgrades. Additional features include a dry basement and major system updates including roof and furnace. Ideally positioned on Somerset St W in vibrant Chinatown, just minutes from Little Italy, LeBreton Flats, downtown, shops, restaurants, transit and the LRT. Strong income today with exciting long-term potential. (Buyer to verify zoning, permitted uses and redevelopment possibilities. Sold as is)
Location
State ON
County Ottawa
Area Ottawa
Interior
Cooling No
Exterior
Utilities Available None
Lot Frontage 25.85
Lot Depth 110.01
Others
Security Features No
ParcelsYN No
Listed by FIDACITY REALTY