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    For Sale - 843-839 Somerset Street, West Centre Town, Ontario

    Est payment $10,410/mo
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    Views   1
    Time on Jump  93 day

    AI Summary *

    • Located in bustling Chinatown with high visibility for businesses.
    • Current restaurant tenant provides steady income with low owner expenses.
    • Vacant unit offers potential for additional rental income of $6,900/month.
    • Recent major improvements, including a new roof for long-term savings.
    • Zoning allows for restaurant, commercial use, or redevelopment opportunities.




    Incredible investment opportunity in the heart of chinatown! Located on bustling somerset street west, this traditional main street-zoned property offers excellent passive income potential with a projected annual income of $120,000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses. The adjacent unit is currently vacant and presents an exceptional opportunity potentially renting for up to $6,900/month. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63,000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property highlights: high visibility with large street-facing windows, 5 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don't miss your chance to own a versatile, income-generating property in one of the city's most dynamic neighbourhoods.
    Listing IDX12399644
    Address843-839 Somerset Street
    CityWest Centre Town, Ontario
    Price$2,100,000
    StyleCommercial Retail
    Land Size5446.53
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  RE/MAX HALLMARK REALTY GROUP
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    843-839 Somerset Street
    West Centre Town , Ontario
    $2,100,000
    Get more info