For Sale - 575 Somerset Street, Ottawa Centre, Ontario

Est payment $4,778/mo
Views   1
Time on Jump  10 day
  • Three tenanted units providing reliable cash flow from day one.
  • Vacant basement offers extra income potential for new owner.
  • Comprehensive redevelopment package includes all necessary documentation.
  • Building permits submitted, with early review already completed.
  • Great location near amenities like grocery, dining, and transit.



Rare dual-opportunity in the heart of centretown. Buy cash flow today, build tomorrow. Three tenanted units generating verified income with a vacant basement offering additional income potential. Included is a complete, permit-ready 10-unit redevelopment package - full architectural, servicing, grading, electrical and tree reports. Building and demolition permits submitted to the city of ottawa; first-round review complete with standard infill comments issued. Buyers can revise or proceed to resubmission under their own name. Set up for mli select financing: up to 95% ltv and 50-year amortization. Accessible lift included in plans with potential to add 2 additional storeys. 33' x 112' lot. 4 parking spaces. Walking distance to bank st, elgin, and little italy. Close to grocery, retail, dining, transit and lrt. Unit mix: 2 x 2-bedroom, 1 x 1-bedroom (tenanted) + basement unit (vacant). Permit-ready package, architectural drawings, and financials available. Contact listing agent for data room access.
Listing IDX13086366
Address575 Somerset Street
CityOttawa Centre, Ontario
Price$995,000
Bath4 Full
StyleInvestment
Land Size3735
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentCommunity Features Public Transit, Recreation/Community CentreBasement 1Heating / Cooling Gas Forced Air Open
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Listing Agency:  PARADIGM COMMERCIAL REAL ESTATE & BROKERAGE INC.

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575 Somerset Street
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