843-839 SOMERSET STREET W
4204 - West Centre Town
Ottawa
K1R 6R6
$2,100,000
Retail
- Status:
- Active
- Prop. Type:
- Retail
- MLS® Num:
- X12399644
- Bus Major:
- Retail and Wholesale
- Photos (41)
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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:2493)
- Property Type:
- Retail
- Total Living Area:
- 5,447 sq. ft.506 m2
- Total Building Area:
- 5,446.53 sq. ft.506 m2
- Zoning:
- Tm (78) H15
- Taxes:
- $39,105.73 / -
- Community:
- 4204 - West Centre Town
- Major Business Type:
- Retail and Wholesale
- Cooling:
- Fully air conditioned
- Fireplace:
- No
- Heating:
- Forced air, Natural gas
- Water:
- Municipal water
- Lot Frontage:
- 82'7"25.2 m
- Lot Details:
- Bldg=82.57 x 65.97 FT
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Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated September 12, 2025 at 09:45 PM (UTC)
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