20
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$850,000
Est. payment /mo
1,500 SqFt
Active
640 Somerset ST W Ottawa Centre, ON K1R 5K4
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $566
Subdivision 4103 - Ottawa Centre
MLS Listing ID X12268633
Annual Tax Amount $8,300
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Currently bringing in $7,000/month in rental income, this rare and versatile detached property in the heart of Centretown is a standout opportunity for investors and developers. Zoned TM, it allows for both residential and commercial use, offering endless potential. The home is split into two self-contained units with separate entrances, and was reconfigured in 2022 into a spacious four-bedroom layout with over $50,000 in upgrades, including new appliances. Its zoned as a triplex and permits both residential and commercial/industrial uses, making it ideal for future conversion or redevelopment. The main level is currently set up as a hair salon, while the upper unit is tenanted. Bonus features include a second-floor balcony, dry basement, and major system updates in 2014 (roof, furnace) Located just steps from Little Italy, Chinatown, LeBreton Flats, and the new LRT, this is a prime piece of Ottawa real estate!
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Interior
Cooling No
Exterior
Utilities Available None
Lot Frontage 25.85
Lot Depth 110.01
Others
Security Features No
Listed by FIDACITY REALTY