Sale
23 hours on website
$2,100,000
Commercial
843-839 SOMERSET STREET W
Ottawa, 4204 - West Centre Town K1R6R6
No obligation In-Person or Video Chat Tour
Beds · 0
Baths · 0.0
Sqft · 5447
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)
General
Type
Commercial
Style
-
Year Built
-
Square Footage
5447 sqft
Taxes
-
Maintenance Fee
-
Est. mortgage
$7,967/mo
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Ahmad Nawaz
Sales Representative
Email: [email protected]
Phone: 613-539-1458
Listing courtesy of:
RE/MAX HALLMARK REALTY GROUP
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