Mirna Botros
613-600-2626474 Somerset Street - $938,000
474 Somerset Street - $938,000
474 Somerset Street
$938,000
4103 - Ottawa Centre
Ottawa, OntarioK1R5J8
0 beds
0 baths
5 parking
MLS#: X13167240Listed: about 4 hours agoUpdated:about 4 hours ago
Description
HIGH-RETURN INVESTMENT | PRIME CENTRETOWN LOCATION | DEVELOPMENT POTENTIAL | MIXED-USE ZONING. Endless possibilities await with this exceptional income-generating property in the heart of Central Ottawa, ideally positioned between Centretown, Chinatown, and Little Italy. A rare opportunity for investors, developers, and land bankers seeking strong cash flow today with substantial redevelopment potential tomorrow. Zoned TM14 H(20), this highly flexible zoning allows for a wide range of commercial, mixed-use, and multi-residential uses with building heights up to 20 metres, creating tremendous future upside in one of Ottawa's fastest-growing urban corridors.Situated on a 29 x 110 ft lot with 5 rear parking spaces, this property offers unbeatable convenience with a near-perfect Walk Score of 99/100. Steps to transit, employment hubs, restaurants, parks, shopping, and downtown amenities, this location continues to attract strong tenant demand and redevelopment interest.Currently configured with 7 (seven) fully furnished mid- to long-term residential tenants (formerly office use), accompanied by 2 shared kitchens and 2 shared bathrooms. The property has undergone over $100,000 in renovations to enhance tenant appeal and maximize rental performance. Potential gross income when fully rented: $116,832/year. Generate strong existing income while maintaining the flexibility to redevelop, reposition, expand, or hold as a long-term appreciation asset.Ideal for developers, commercial investors, multi-unit buyers, and those seeking a value-add opportunity with future intensification potential. Rarely do properties combine cash flow, premium urban location, zoning flexibility, parking, and development potential in one package. Contact listing agent for financials, additional photos, and private viewing. ALL SERIOUS OFFERS WELCOME. (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: In between - Kent Street and Lyon Street. ** Directions: 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 .
- Type of Dwelling
- offices
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- Bldg=29 x 110 FT ; 0
- Zoning
- -
- Zoning Description
- TM14 H
Parking
- Features
- -
- Total Parking
- 5
Utilities
- Cooling
- Fully air conditioned
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 474 Somerset Street, Ottawa, OntarioMap
Mirna Botros RealtorCopyright 2026