Mirna Botros

613-600-2626

474 Somerset Street - $1,100,000

474 Somerset Street

$1,100,000

4103 - Ottawa Centre

Ottawa, OntarioK1R5J8

0 beds

0 baths

5 parking

MLS#: X12671378Listed: 8 days agoUpdated:6 days ago

Description

HIGH RETURN property - UNIQUE and in the heart of Centretown CENTRAL OTTAWA! LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of its size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS! (id:58075)

Details

Details for 474 Somerset Street, Ottawa, Ontario

Property Type: Office
Building Type: Offices
Storeys: -
Neighborhood: 4103 - Ottawa Centre
Land Size: Bldg=29 x 110 FT ; 0
Year Built: -
Annual Property Taxes: $12,984
Parking Type: -

Inside

Appliances: Furniture
Rooms: -
Bedrooms: -
Bathrooms: 0
Fireplace: -
Fireplace Total: -
Basement: -

Building

Architecture Style: -
Direction: Cross Streets: From Queensway E: take Catherine Street exit, turn right onto Bank, then left onto Somerset Street W. From Queensway W: Take exit at Kent Street. Turn left onto Somerset Street W. building will be on left . ** Directions: Bank St to Somerset St W.
Type of Dwelling: offices
Roof: -
Exterior: -
Foundation: -
Flooring: -