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

    Est payment $10,084/mo
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    Views   1
    Time on Jump  71 day

    AI Summary *

    • Prime location on bustling Somerset Street West in Chinatown.
    • Current tenants providing passive income with long leases in place.
    • Recent capital improvements including a new roof for reduced maintenance costs.
    • Flexible zoning allows for various business or redevelopment opportunities.
    • High visibility with dedicated parking and access to local amenities.




    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 has recently been rented on a 5 year lease with a 5% yearly escalation starting at $6,400/month + hst. 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, 6 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 IDX12720182
    Address843-839 Somerset Street
    CityWest Centre Town, Ontario
    Price$2,100,000
    StyleCommercial Retail
    Land Size5446.53
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Public TransitBasement 1Heating / Cooling Gas Forced Air Closed

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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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    843-839 Somerset Street
    West Centre Town , Ontario
    $2,100,000
    Get more info