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    For Sale - 640 Somerset Street, Ottawa Centre, Ontario

    Est payment $3,721/mo
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    Views   1
    Time on Jump  4 day




    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)
    Listing IDX13702186
    Address640 Somerset Street
    CityOttawa Centre, Ontario
    Price$775,000
    StyleCommercial Retail
    Land Size2840.38
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Forced Air Open

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    Listing Agency:  FIDACITY REALTY

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    640 Somerset Street
    Ottawa Centre , Ontario
    $775,000
    Get more info