Ottawa, ON K1R6R6,843-839 SOMERSET STREET W
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Ottawa, ON K1R6R6,843-839 SOMERSET STREET W
Ottawa, ON K1R6R6,843-839 SOMERSET STREET W
Ottawa, ON K1R6R6,843-839 SOMERSET STREET W
Ottawa, ON K1R6R6,843-839 SOMERSET STREET W
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843-839 SOMERSET STREET W Ottawa, ON K1R6R6

5,447 SqFt


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,447 sqft

Price per Sqft $385

Subdivision 4204 - West Centre Town

MLS® Listing ID X12399644

Source Ottawa Real Estate Board

Property Description

Incredible Investment Opportunity in the Heart of Chinatown! Located on bustling Somerset Street West, this traditional Main Street-zoned property offers excellent passive income potential with a projected annual income of $120,000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses.The adjacent unit is currently vacant and presents an exceptional opportunity potentially renting for up to $6,900/month. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63,000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property Highlights: High visibility with large street-facing windows, 5 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don't miss your chance to own a versatile, income-generating property in one of the city's most dynamic neighbourhoods. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Private Pool No


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Listed by RE/MAX HALLMARK REALTY GROUP
Amanda Ostapyk

Amanda Ostapyk

Salesperson | License ID: 4741655

+1(613) 282-4589

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843-839 SOMERSET STREET W