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    For Sale - 638-640 Somerset Street, Ottawa Centre, Ontario

    Est payment $3,837/mo
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    Views   1
    Time on Jump  92 day

    AI Summary *

    • Flexible TM zoning allows for residential, commercial, or mixed-use options.
    • Configured with two self-contained units and a bonus accessory unit.
    • Private balcony in the upper unit for relaxing outdoor space.
    • Recent upgrades enhance value with major components replaced in 2013-2014.
    • Prime location near Little Italy, Chinatown, and transit access.




    New price today - great opportunity to live in or cash flow. Prime mixed-use opportunity in the heart of centretown. This detached 2-storey property offers flexible tm zoning allowing for residential, commercial, or mixed-use, making it ideal for investors, business owners, or live/work scenarios. Currently configured as two self-contained units and a bonus accessory unit with a separate vestibule entrance, with the option to convert to a 4-bedroom residential layout. Positioned on a 110 ft deep lot with ample on-site parking, this well-maintained building is clean, functional, and full of upside. The main level was previously operated as a restaurant and is set up to meet fire and safety requirements (buyer to verify), while the upper unit features a private balcony. The property also includes a dry basement, adding usable storage or future potential. Recent updates include over $80,000 in upgrades and major components such as roof, furnace, and a/c (approx. 2013-2014). According to mpac, the property is recognized as a triplex with residential and commercial/industrial use, providing strong long-term flexibility and redevelopment potential. Unbeatable location just steps to little italy, chinatown, lebreton flats, and within walking distance to the lrt, offering excellent access to transit, amenities, and future growth. Investor bonus: opportunity to acquire the neighbouring property for a potential land assembly. A rare, versatile asset in a high-demand urban corridor. Great for an investment now, maybe a owner-operated unit in the future!
    Listing IDX12956190
    Address638-640 Somerset Street
    CityOttawa Centre, Ontario
    Price$799,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Forced Air Open

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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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    638-640 Somerset Street
    Ottawa Centre , Ontario
    $799,000
    Get more info