Name: 843-839 SOMERSET STREET W, Ottawa | MLS® X12399644
SKU: x12399644
Price: 2100000.0 CAD
Availability: InStock

$2,100,000 Sale

Listed 6 hours ago

843-839 SOMERSET STREET W

MLS® x12399644 Retail

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 5447

Est. mortgage

$7,967/mo

Key Facts

Key facts for 843-839 SOMERSET STREET W

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

X12399644

Size

5447 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

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. (id:10452)

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Full Property Details

Interior

Washrooms

0.0

Square Footage

5447 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

5447 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

Bldg=82.57 x 65.97 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Tm (78) H15

Acreage

Bldg=82.57 x 65.97 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Tm (78) H15

Building Description

Home Type

Commercial

Subtype

Retail

Water Supply

Municipal water

Home Type

Commercial

Subtype

Retail

Water Supply

Municipal water

Community

4204 - West Centre Town

Area Code

Ottawa

Community

4204 - West Centre Town

Area Code

Ottawa

Jake Nicolle

Email: [email protected] Cell: (289) 216-6852