view of front of house with brick siding and covered porch Features: fence, porch More Photos

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    For Sale - 474 SOMERSET Street, Ottawa Centre, Ontario

    Est payment $4,744/mo
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    Time on Jump  84 day

    AI Summary *

    • High potential gross income of $116,832 per year when fully rented.
    • Located in a prime Centretown area with a walk score of 99/100.
    • Zoned for mixed-use with development potential and building heights up to 20 metres.
    • Renovated with over $100,000 in upgrades to enhance rental performance.
    • Strong cash flow with options to hold, redevelop, or reposition for future gains.




    Potential gross income (when fully rented): $116,832/year. High-return investment | prime centretown location | development potential. With a walk score of 99/100, this unique opportunity in the heart of centretown, central ottawa - a high-performing commercial-residential investment property offering strong existing income with exceptional future development upside. Zoned tm14 h(20), this flexible zoning permits a wide range of commercial, mixed-use, and multi-residential possibilities with allowable building heights up to 20 metres, making this an attractive acquisition for developers and long-term investors alike. Situated on a 29 x 110 ft lot with 5 rear parking spaces, the property benefits from unbeatable urban walkability surrounded by transit, employment hubs, parks, restaurants, and downtown amenities - a location consistently in demand with tenants and future redevelopment prospects. The property is currently operated as individual residential rentals and has undergone over $100,000 in renovations, optimizing rental performance and tenant appeal. It generates strong cash flow while providing investors flexibility to reposition, redevelop, or hold for long-term appreciation. The asset benefits from continued rental demand driven by ottawa's population growth and urban intensification, making it ideal for investors seeking both immediate income and future upside. A rare opportunity to secure a high-yield property in one of ottawa's most desirable urban investment corridors. Contact listing agent for financials, additional photos, and private viewing. *offers welcome*
    Listing IDX12671378
    Address474 SOMERSET Street
    CityOttawa Centre, Ontario
    Price$988,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    Listing Agency:  RE/MAX HALLMARK REALTY GROUP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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