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    For Sale - 691-701 Somerset Street, West Centre Town, Ontario

    Est payment $21,609/mo
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    Time on Jump  1 day

    AI Summary *

    • Fully leased retail investment with five tenancies and 100% occupancy.
    • Approximately 13,073 rentable square feet across ground and second-floor retail space.
    • Upper floor offers elevator access and an architectural spiral staircase.
    • Lower-level garage accommodates approximately 16 vehicles, with additional parking nearby.
    • Recent capital improvements may reduce near-term upgrade requirements.




    691-701 somerset street west presents an opportunity to acquire a fully leased retail investment in the heart of ottawa's chinatown. The property comprises approximately 13,073 rentable square feet across five retail tenancies, offering 100% occupancy and an area-weighted average lease term (walt) of approximately 3. 34 years. Having recently undergone significant capital improvements, the building offers investors the benefit of completed upgrades and reduced near-term capital expenditure requirements. The property features a unique configuration of ground and second-floor retail space, with the upper level serviced by an elevator and an attractive architectural spiral staircase that serves as a distinctive design feature. Additional amenities include a lower-level parking garage accommodating approximately 16 vehicles, with access from cambridge street north, as well as ample street parking and an adjacent parking lot to the west. Detailed financial information and a schedule of recent capital improvements are available upon request.
    Listing IDX14176170
    Address691-701 Somerset Street
    CityWest Centre Town, Ontario
    Price$4,500,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Forced Air Open

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    Listing Brokerage: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES

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    691-701 Somerset Street
    West Centre Town , Ontario
    $4,500,000
    Get more info