Mirna Botros
613-600-2626843 839 Somerset Street - $1,900,000
843 839 Somerset Street - $1,900,000
843 839 Somerset Street
$1,900,000
4204 - West Centre Town
Ottawa, OntarioK1R6R6
0 beds
0 baths
null parking
MLS#: X13440410Listed: 3 months agoUpdated:about 1 month ago
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 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. (id:58075)Details
Details for 843 839 Somerset Street, Ottawa, Ontario- Property Type
- Retail
- Building Type
- -
- Storeys
- -
- Neighborhood
- 4204 - West Centre Town
- Land Size
- Bldg=82.57 x 65.97 FT
- Year Built
- -
- Annual Property Taxes
- $39,106
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: Rochester Street & Somerset Srreet. ** Directions: Located at the north corner of Rochester and Somerset St. Between Preston St. and Rochester St.
- Type of Dwelling
- -
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- Bldg=82.57 x 65.97 FT
- Zoning
- -
- Zoning Description
- Tm (78) H15
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- Fully air conditioned
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 843 839 Somerset Street, Ottawa, OntarioMap
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